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Ksju [112]
2 years ago
6

Why do economists pay attention to the balance of trade?

Business
1 answer:
Soloha48 [4]2 years ago
3 0

Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.

<h3>Why is a balance of trade vital to the economy?</h3>

The Balance of trade plays a significant role in the calculation of the Gross Domestic Product of a country. As a part of GDP calculations, exports are brought and imports are subtracted from the total.

The more the change surplus, the more the GDP of a country.

Therefore, Economists use the BOT to analyze and measure the relative power of a country's economy. Hence, Economists pay special attention to the Balance of Trade.

Learn more about balance of trade here:

brainly.com/question/780414

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Answer: Joint Venture

Explanation:

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3 years ago
Nessca corp. manufactures electronic gadgets. it instructs its marketing team to competitively advertise and promote its gadgets
Natasha2012 [34]

I guess the correct answer is be inward looking, focusing on selling what the firm makes.

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3 years ago
Read 2 more answers
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Ira Lisetskai [31]

Answer:

a) Customer relationship management

Explanation:

Customer relationship management -

It is the approach to manage the interaction of the company with the potential and current customers .

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7 0
3 years ago
During its first year of operations, Silverman Company paid $11,625 for direct materials and $11,000 for production workers' wag
ella [17]

Answer:

$7,750

Explanation:

The computation of the net income for the first year is shown below:

but before that following calculations needed

The Cost of production is

= Direct material + Direct labor + Manufacturing overhead

= $11,625 + $11,000 + $10,000

= $32,625

The Unit product cost is

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= $4.50 per unit

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= $7,750

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3 years ago
The Career Cycle gives "10 tips on content and structure" of your resume. As a student, you may not have specific technical skil
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<u>Answer:</u>  Personal goals and team fit.

<u>Explanation:</u>

As a student I would not have any experience which I can talk about at the job interview. It is important that I show case my personal goals which are short term and long term career goals. I also need to show that I desire to join the team and have the ability to work as a good team member.

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