Discuss the effects of domestic support on imports and export? Give an example.

Q: The balance of trade shows a deficit of $200 million. With the value of exports being $300 million,…

A: The nations around the world tend to interact with other nations, and get involved in international…

Q: When a country exports more goods and services than it imports, this is called Multiple Choice a…

A: Exports refer to those goods and services which are produced in one country and supplied to another.

Q: If a country imports more than it exports, it has a trade deficit. True or false

A: Balance of payments is the difference between the the value of the trade exports and imports in the…

Q: List out the beneficiaries of both import and export with their benefits.

A: Import of goods and services refers to buying goods and services from a region that lies outside the…

Q: Suppose you are watching a news programme on television. It's reported that some European…

A: Export is the sale of goods and services to foreign countries of origin or produced in the country.…

Q: In a country, private savings equals 600, the government budget surplus equals 200, and the trade…

A: We are given private savings as 600, government budget surplus as 200 and trade surplus as 100.…

Q: If a country has a trade deficit, what will occur?Choose one answer.a. Imports will exceed exports.…

A: International trade is the trade that takes place beyond the national boundary. Exports refer to the…

Q: Is it possible for countries to achieve internal and external balance in their economies

A: The economies can experience the internal and external balance if they work according to the…

Q: You are an IMF official going to a country whose export earnings are not able to pay for imports.…

A: International Monetary Fund is a global association financed to a great extent by industrialized…

Q: When looking only at the import and export of services, the U.S.    a. has a trade deficit b. has a…

A: When imports of a country are greater than its exports, it is said to have a trade deficit. When…

Q: How could an increase in a nation's fiscal deficit increase its trade deficit?

A: Government budget deficit affects the trade deficits. Budget deficit occurs when spending increases…

Q: Define trade surplus and trade deficit.

A: The balance of trade is referred to as the trade balance and is marked within the international…

Q: Which protectionist policy has a direct positive impact on a government's revenues? Quotas VERS…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: explain why total expenditures and national output may rise after the quota is imposed

A: Answer: Introduction: Total expenditure is the sum of domestic consumption expenditure, investment,…

Q: What are two significant aspects of the domestic economy and one significant aspect of the…

A: Domestic Economy is a set or combination of inter-related production and consumption function that…

Q: A trade deficit occurs when a nation imports more than it exports. True O False

A: International economics is that branch of economics which studies various international aspects that…

Q: Explain with the help of a graph the effect of an increase in the relative price of the exported…

A: The PPC shows the combinations of those goods which an economy can produce with the given resources.…

Q: Explain why the WTO is more concerned with the use of direct-export subsidies than production…

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: what specific kinds of domestic institutions leads to protectionism and liberalization?

A: Trade liberalization  has always bene one of the controversial topics and it has been opposite to…

Q: How does a growing trade deficit affect a country's GDP?  Explain your answer.

A: GDP refers to the final value of goods and services produced in an economy during a year. The GDP is…

Q: Find the import of goods when the balance of trade are 60 and exports of goods are 20

A: Basically in the given question Balance of trade = 60 Exports of goods = 20 Value needed of imports…

Q: Discuss The import substitution strategy in the context of a country's large trade deficits with key…

A: Import substitution strategy is the strategy which is used to reduce the dependence on the on the…

Q: What is it called when country import prices gain relative to that of its export prices?

A: Terms of trade (TOT) address the proportion between a nation's fare costs and its import costs. At…

Q: Which of the following refers to the direct restriction on the quantity of goods which are imported…

A: Taxes are referred to as a charge implied on the use of public property or purposes. It is levied by…

Q: In an economy open to trade, must a government budget deficit always be accompanied by an external…

A: An open economy is when that allows its citizens to make purchase or sale of goods and services to…

Q: An export subsidy always makes a country worse off on net. True False

A: An export subsidy always makes a country worse off on net - TRUE.

Q: Both the United States and global economies are booming. Will U.S. imports and/or exports increase?

A: The business cycle represents those periods of cyclical fluctuations that occur in an economy in…

Q: The table gives data for the nation of South Hampton. There are no imports into or exports from…

A: GDP: Gross domestic product or GDP is the final value of all the goods and services that are…

Q: If a country has a trade deficit, what will occur?Choose one answer. Imports will exceed exports.…

A: If a country has a trade deficit, between the three, one will occur Imports will exceed exports.…

Q: ariff of $2.00 per unit. Prior to the tariff the puntry imported 10,000 units and after the tariff…

A: Tariff leads to redistributive effect in the tariff-imposing country. It signifies the cost of…

Q: Find the import of goods when the balance of trade are 40 and the exports of goods are 20??

A: The nations around the world are involved in the trading activities with each other. The nations…

Q: Which of the following would increase exports in the United States? The United States purchases 500…

A: Export refers to the process that domestic country selling their goods and services to the foreign…

Q: Explain the challenge of a trade deficit on an economy

A: The trade deficit is the amount by which the value of import of a country exceeds the value of…

Q: Would you kindly explain the fallacy or mistake in this type of thinking. Identify the fallacy or…

A: Economic agents include producers, consumers, and the government. They would result in the…

Q: Under what conditions will a larger budget deficit cause a trade deficit?

A: Budget deficit occurs when the government expenditure exceeds the government revenue. Trade deficit…

Q: Consumers and a fresh round of stimulus money pushed demand for U.S. imported goods to a record high…

A: The foreign trade gap of a country refers to the situation when a country's exports are less than…

Q: It controls over production, distribution, consumption of commodities and to perform this the…

A: Government: It refers to the people who have the authority on their people. The government try to…