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Airida [17]
3 years ago
15

How does imports, exports and balance of trade relate​

Business
1 answer:
skelet666 [1.2K]3 years ago
6 0

Answer:

See explanation section

Explanation:

Export - When a country ships its domestic products (Goods and Services) to another country, after meeting the demand of the domestic people, for processing, using, and selling those, the term refers to export.

Import - When a country brings other countries' products in order to fulfill the demand of its population, it is coined as an import.

Balance of Trade - When there is a difference between the country's net monetary value of exports and imports, it is called the balance of trade. If export exceeds the import, there will be a trade surplus. On the other hand, when import exceeds the export, there will be a trade deficit.

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B) The described experiment meets or exceeds the standards of good science.

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2 years ago
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