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timama [110]
3 years ago
11

Briefly explain what the term "balance of trade" refers to from a macroeconomic perspective and include a brief description of h

ow exports and imports influence the balance of trade.
Business
2 answers:
Gwar [14]3 years ago
5 0

Answer:

In a macroeconomic perspective, the balance of trade (BOT) simply refers to the difference between the value of the imports and exports of a country. In measuring the relative strength of a country's economy, economists make use of the balance of trade. Also, in considering the balance of payments, the balance of trade is the largest component considered.

In balance of trade, TRADE DEFICIT and TRADE SURPLUS are usually considered in relation to their import and export activities

The Trade Deficit results when a country imports more good and services than it exports. While the Trade Surplus results when a country exports more goods and services than it imports.

Since 1976, the United States had a trade deficit. This was as a result of their dependency on oil imports and consumer products. While since 1995, China which produces and exports many of the world's consumable goods has recorded a trade surplus.

When trade deficit occurs, countries affected borrow money to pay for their goods and services but when trade surplus occurs in a country, such country lends money to deficit countries.

Formula for BOT = Total Value Of Imports minus (➖) Total value of exports.

Ilya [14]3 years ago
4 0

Answer: balance of trade is used to show the major difference between a country import and export over a specified period of time.

Explanation: Balance of trade is used to show the major difference between a country import and export over a specified period of time. Macroeconomics is the study of the whole factors that affect a countries economy.

When exports is greater than import, this leads to what is called unbalanced or unfavorable balance trade ( trade surplus) same applies when import exceeds export. The balance of trade is a part of a large economic unit this is where it relates to macroeconomics.

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Brilliant_brown [7]

To segment a market effectively, you should make sure the categories are fairly homogenous, at least in terms of the demands of potential customers and how they react to marketing.

Organizing potential customers into groups or segments with comparable demands and responses to marketing actions is referred to as market segmentation in marketing. Market segmentation helps businesses to target various customer groups who view the entire worth of particular goods and services in a variety of ways.

By identifying the items that are most likely to capture a portion of a target market and the most effective channels for marketing and distributing those products, market segmentation aids businesses in reducing risk.

To learn more about market segmentation here

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1 year ago
Tips for Successful LinkedIn Prospecting?
Dmitriy789 [7]

Answer:

Sales prospecting is one of the most essential elements of the whole sales process.

Some tips are;

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7 0
2 years ago
Lunker Lures makes ten different models of fishing lures. All ten models are completely crafted by hand using the same basic mat
maria [59]

The type of overhead costing system that would be the best fit for Lunker is: Traditional costing system using design hours as the basis for allocation.

<h3>What is the Traditional Costing System?</h3>

The traditional costing system is a method applied in accounting that aims at determining the cost of production. One driver is assigned as the basis of allocation.

In the case of Lunker Lures above, the driver that is used as the basis of allocation should be design hours.

Learn more about the Traditional Costing System here:

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8 0
2 years ago
You are earning $40,000 per year as a branch manager at Dunkin Donuts. You are planning on leaving your job and going back to co
sergij07 [2.7K]

Answer:

It increases the opportunity cost because you are foregoing more money for college.

Explanation:

Opportunity cost is the benefit profit, or value of something that is missed or given up when an individual chooses one alternative over another.  

The 10% rise in salary offered by the branch manager increases the opportunity cost of going to college. This is because the higher cost (money) you could have earned by not going to college is foregone.

3 0
3 years ago
On June 30, 20X5, Mill Corp. incurred a $100,000 net loss from disposal of a business segment. Also, on June 30, 20X5, Mill paid
OleMash [197]

Answer:

$120,000

Explanation:

Total amount for inclusion in determining Mill Corp's net income or loss is as follows.

  • Net loss from disposal of business segment = $100,000
  • Property tax for 6 months to June 30, 20x5= $40,000 * 0.5 = $20,000

Therefore, total amount for inclusion = $100,000 + $20,000 = $120,000.

3 0
2 years ago
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