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tester [92]
3 years ago
13

Wichasha, an african country, exports barley and cotton worth $100 million to illema, a european country, and it imports sugarca

ne worth $25 million from illema. As such, the total value of wichasha's exports is higher than the total value of its imports. This difference between the value of wichasha's exports and imports is known as _____.
Business
1 answer:
max2010maxim [7]3 years ago
7 0

Answer: Balance of Trade

Explanation:

<em>Balance of trade</em> is the difference between the value of exports from a country and the value of imports into the country. When the value of exports is greater than imports, the balance of trade is positive and the country has a <em>trade surplus</em>. While, when the value of exports is less than the value of imports, the balance of trade is negative and the country has a <em>trade deficit</em>.

In this case,  Wichasha's exports is higher than the total value of its imports so, it has a trade surplus or positive balance of trade.

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7 0
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Why does anyone decide to produce or sell something?
Oliga [24]
Make Profit and be successful
3 0
2 years ago
Assume that the price elasticity of demand for movie theatres is 20.85 during all evening shows but for all afternoon shows the
zalisa [80]

Answer:

d. Need more information.

Explanation:

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When calculated, elasticity reaches values that signal consumers' response to price. If elasticity is a value between 0 and 1, then demand is inelastic - little sensitive to price changes. If demand is greater than 1, this means elastic - very sensitive to price changes.

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8 0
3 years ago
Notes receivable:_______.
Phoenix [80]

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D. are supported by a promissory note

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