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what is trade surplus?
Question
Asked 4/9/2014 5:35:58 AM
Updated 4/12/2014 10:07:42 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by yeswey [4/12/2014 9:57:56 AM]
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User: what is trade surplus?

Weegy: The 'balance of trade', [ is the difference between a country's total exports and total imports.[1] A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance. Policies of early modern Europe are grouped under the heading mercantilism. Early understanding of the imbalances of trade emerged from the practices and abuses of merchantilism in which colonial America's natural resources and cash crops were exported in exchange for finished goods from England, a factor leading to the American Revolution. An early statement appeared in Discourse of the Common Wealth of this Realm of England, 1549: "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them."[2] Similarly a systematic and coherent explanation of balance of trade was made public through Thomas Mun's c1630 "England's treasure by foreign trade, or, The balance of our foreign trade is the rule of our treasure" ]
jeffreymcmillan|Points 680|

User: what is trade deficit?

Weegy:
Trade Deficit is an economic measure of a negative balance of trade in which a country's imports exceeds its exports.




User: When Americans buy Japanese-made cars, Americans are _____ these cars. exporting importing taxing

Weegy: When Americans buy Japanese-made cars, Americans are importing these cars.
sunny4691|Points 1256|

User: Suppose the United States government imposes a tax on each Japanese-made car that is sold in the United States. This is called a(n) _____. import export tariff

Weegy: This is called a C. tariff
MrG|Points 6834|

User: In 1-2 sentences, explain why the private businesses will not provide public goods

Weegy: Because public goods sometimes does not make a profit.
sipichapie|Points 5010|

User: The government wants to ensure that emergency exits are accessible in office buildings. Its incentive is to _____. provide safe workplaces clean up the environment increase market competition

Weegy: The government wants to ensure that emergency exits are accessible in office buildings. Its incentive is to provide safe workplaces.
grew34|Points 62|

User: Externalities can distort the true _____ and _____ of goods and services. incentives, profits regulations, property rights costs, benefits

Weegy: Externalities distort economic behavior, which in turn distorts resource allocation. dialogue.usaee.org/index.php?option=com_content...
peterjamoner|Points 146|

User: The government imposes regulations that reduce pollution. Its incentive is to _____. provide safe products define property rights protect the environment

Question
Asked 4/9/2014 5:35:58 AM
Updated 4/12/2014 10:07:42 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Flagged by yeswey [4/12/2014 9:57:56 AM]
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A trade surplus is a condition in which a country has a positive balance of trade with other countries.
Added 4/12/2014 9:57:43 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [4/12/2014 9:58:42 AM]
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The government imposes regulations that reduce pollution. Its incentive is to protect the environment.
Added 4/12/2014 10:07:42 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [4/12/2014 10:11:25 AM]
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Questions asked by the same visitor
what does disincentives mean?
Question
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Updated 4/10/2014 7:13:52 AM
1 Answer/Comment
Disincentives mean something that prevents or discourages action; a deterrent.
Added 4/10/2014 7:13:52 AM
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The marginal cost of making a computer is $75. At a computer price of $100, a producer _____. earns profits just covers costs loses money
Question
Updated 4/10/2014 7:16:15 AM
1 Answer/Comment
The marginal cost of making a computer is $75. At a computer price of $100, a producer earns profits.
Added 4/10/2014 7:16:15 AM
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what does marginal analysis mean?
Question
Updated 10/4/2017 6:37:42 AM
1 Answer/Comment
Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.


Added 10/4/2017 6:37:42 AM
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What is marginal analysis?
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Updated 10/3/2017 6:07:21 AM
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Marginal analysis is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity.




Added 10/3/2017 4:56:34 AM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [10/3/2017 6:07:23 AM]
what does inferior goods mean? User: what does normal good mean?
Weegy: hello and welcome to Weegy. How may I help you today? (More)
Question
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Updated 4/10/2014 7:02:03 AM
2 Answers/Comments
Inferior goods are goods for which a change in income causes an opposite change in demand.
Added 4/10/2014 7:01:18 AM
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In economics, normal goods are any goods for which demand increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.
Added 4/10/2014 7:02:03 AM
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