the global trends and its influence on U S trade deficit Concept Introduction: Trade Deficit: This situation occurs when there is negative balance of trade and this happens when the imports of the country are more than the exports. Trade Surplus: This situation occurs when there is positive balance of trade and this happens when the exports of the country are more than the imports.

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Answer 1

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 6, Problem 12P

To determine

the global trends and its influence on U S trade deficit

Concept Introduction:

Trade Deficit: This situation occurs when there is negative balance of trade and this happens when the imports of the country are more than the exports.

Trade Surplus: This situation occurs when there is positive balance of trade and this happens when the exports of the country are more than the imports.

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Answer 2

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 6, Problem 12P

To determine

the global trends and its influence on U S trade deficit

Concept Introduction:

Trade Deficit: This situation occurs when there is negative balance of trade and this happens when the imports of the country are more than the exports.

Trade Surplus: This situation occurs when there is positive balance of trade and this happens when the exports of the country are more than the imports.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 6, Problem 12P

To determine

the global trends and its influence on U S trade deficit

Concept Introduction:

Trade Deficit: This situation occurs when there is negative balance of trade and this happens when the imports of the country are more than the exports.

Trade Surplus: This situation occurs when there is positive balance of trade and this happens when the exports of the country are more than the imports.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

Chapter 6, Problem 12P

To determine