Whether imports to U.S be curtailed by 20% to eliminate trade deficit and the outcome if it is done. Introduction : Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Question

Since 2000, the total growth in foreign trade has more than doubled. Why is this so? What has been the most significant aspect driving this expansion? Is it possible that this pace of growth will persist in the future? If so, why or why not?

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 3, Problem 3DQ

Summary Introduction

To determine: Whether imports to U.S be curtailed by 20% to eliminate trade deficit and the outcome if it is done.

Introduction: Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

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Students have asked these similar questions

Since 2000, the total growth in foreign trade has more than doubled. Why is this so? What has been the most significant aspect driving this expansion? Is it possible that this pace of growth will persist in the future? If so, why or why not?

Since 2000, foreign trade growth has more than doubled. Why does this happen? What was the main factor driving this acceleration. Is this growth trend expected in the future to continue? Why not? Why or why not?

A country experiences a sharp decline in the price of one of its exportables with no abnormal change in the prices of its importables. There are also no substantial changes in income payments and What happens to the terms of trade of this country? What is the likely impact of this change on the country’s external balance? If policy makers believe that the fall in export prices is temporary, what should they do?

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 3, Problem 3DQ

Summary Introduction

To determine: Whether imports to U.S be curtailed by 20% to eliminate trade deficit and the outcome if it is done.

Introduction: Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Expert Solution & Answer

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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 3, Problem 3DQ

Summary Introduction

To determine: Whether imports to U.S be curtailed by 20% to eliminate trade deficit and the outcome if it is done.

Introduction: Balance of trade is a declaration that catches the nation's import and export of products with the rest of the world. Balance of Payment is a declaration that monitors every single monetary trading activity done by the nation with the rest of the world.

Expert Solution & Answer

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See solution

Check out sample textbook 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 3, Problem 3DQ

Summary Introduction