Â The influence that exports and imports have on the value of a currency. Introduction: Import: It is a process through which the goods and services produced in one country are consumed or availed in another country. This is a component of international trade. Export: It is a component of international trade through which goods and services are produced in one country and sold in another.

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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 21, Problem 4DQ

Summary Introduction

To explain:Â The influence that exports and imports have on the value of a currency.

Introduction:

Import:

It is a process through which the goods and services produced in one country are consumed or availed in another country. This is a component of international trade.

Export:

It is a component of international trade through which goods and services are produced in one country and sold in another.

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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 21, Problem 4DQ

Summary Introduction

To explain:Â The influence that exports and imports have on the value of a currency.

Introduction:

Import:

It is a process through which the goods and services produced in one country are consumed or availed in another country. This is a component of international trade.

Export:

It is a component of international trade through which goods and services are produced in one country and sold in another.

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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 21, Problem 4DQ

Summary Introduction

To explain:Â The influence that exports and imports have on the value of a currency.

Introduction:

Import:

It is a process through which the goods and services produced in one country are consumed or availed in another country. This is a component of international trade.

Export:

It is a component of international trade through which goods and services are produced in one country and sold in another.

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 21, Problem 4DQ

Summary Introduction