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Balancing trade is important because if a nation imports more than it exports, A. it will create a trade surplus. B. the value of its currency may fall. C. the nation's goods will not be desirable. D. other nations will stop investing in that nation.
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Asked 5/1/2015 9:48:53 AM
Updated 12/26/2016 7:33:58 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by jeifunk [12/26/2016 7:33:57 AM], Confirmed by jeifunk [12/26/2016 7:33:58 AM]
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User: Balancing trade is important because if a nation imports more than it exports, A. it will create a trade surplus. B. the value of its currency may fall. C. the nation's goods will not be desirable. D. other nations will stop investing in that nation.

Weegy: Balancing trade is important because if a nation imports more than it exports, the value of its currency may fall.
bongche|Points 3864|

User: Balance of trade summarizes A. the cost of trade. B. the flow of capital. C. the flow of goods and services. D. the balance of government budgets.

Question
Asked 5/1/2015 9:48:53 AM
Updated 12/26/2016 7:33:58 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by jeifunk [12/26/2016 7:33:57 AM], Confirmed by jeifunk [12/26/2016 7:33:58 AM]
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Balance of trade summarizes the flow of goods and services.

Added 12/26/2016 5:24:13 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [12/26/2016 7:34:01 AM]
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Questions asked by the same visitor
Exit According to the following situation below, who has the comparative advantage in producing coffee? Costa Rica can produce rice, coffee, soybeans, and chocolate. However, because of the climate and land of Costa Rica, coffee is much cheaper and faster to produce. Vietnam can produce rice, coffee, soybeans, and chocolate as well. However, because of the climate and land of Vietnam, rice is much cheaper and faster to produce. Brazil can produce rice, coffee, soybeans, and chocolate as ...
Weegy: C. Costa Rica has the comparative advantage in producing coffee. User: Which of the following BEST defines comparative advantage in terms of international trade? Weegy: What is your question here, please calrify User: All countries benefit from each of the following factors EXCEPT which one? A. access to information B. good relations among government C. no glaring inequalities between trading partners D. always producing the product that the country has absolute advantage in producing Weegy: The answer is D. User: ___________ trade occurs only when nations expect to gain something. A. Absolute B. Voluntary C. Specialized D. Comparative (More)
Question
Not Answered
Updated 10/9/2018 3:00:34 AM
3 Answers/Comments
The following BEST defines comparative advantage in terms of international trade: when a nation can produce a good or service at a lower opportunity cost than any other nation.
Added 10/9/2018 2:45:04 AM
This answer has been confirmed as correct and helpful.
All countries benefit from each of the following factors EXCEPT: always producing the product that the country has an absolute advantage in producing.
Added 10/9/2018 2:59:42 AM
This answer has been confirmed as correct and helpful.
Voluntary trade occurs only when nations expect to gain something.
Added 10/9/2018 3:00:34 AM
This answer has been confirmed as correct and helpful.
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