--%>

Define balance of trade

Balance of trade: It is the distinction between imports and exports of a country which are valued.

   Related Questions in Microeconomics

  • Q : Price elasticity on straight line curve

    Find out the price elasticity of supply at any point on a straight line curve when A) supply curve intersects ox axis in its negative range B) supply curve intersects ox axis in its positive range. C) Supply curve passes via the origin?

  • Q : Externalities and Deadweight Loss

    Assume that the demand and supply for a product can be described by the following equations:Q= 1200-4PQ= -200+2P Producing the product results in marginal external damage of $8 per unit.a. What type of

  • Q : Influence of short run supply In short

    In short run, the supply of Pinot Noir from the viewpoints of oenophiles who fancy it would be influenced least by: (i) The offspring of late baby boomers arriving the legal age to buy alcohol. (ii) Imposition of a maximum tax for each and every bottle of wine generat

  • Q : Which of the following lists includes

    Which of the following lists includes only capital resources (and therefore no labor or land resources)?

  • Q : Upward-sloping in Law of Supply The law

    The law of supply is graphically exhibited by the supply curve which is: (1) Moving all along the demand curve. (2) Vertical. (3) Upward-sloping. (4) Downward-sloping. Can someone please help me in finding out the

  • Q : Transferred Funds in Financial Markets

    Financial markets are markets in that funds are transferred from: (w) financial investors or institutions which have an excess of available funds to people or firms which have a shortage. (x) people who have a shortage of obtainable funds to people wh

  • Q : Maximizes profit by producing at total

    When the wholesale price P = $4 per dozen roses, it purely competitive increased farm maximizes profit through producing ___ dozen roses at a total (profit /loss) of $___. (1) zero; loss; $2000. (2) 2000; loss; $1500. (3) 3000;profit;

  • Q : Gini Coefficient in Loren Curve A Gini

    A Gini coefficient for this demonstrated figure can be computed as: (w) area A minus area B. (x) area A × area B.  (y) area C minus [area A + area B]. (z) [area A] / [area A + area B].

    Q : Definition of Featherbedding Can

    Can someone help me in finding out the right answer from the given options. The Featherbedding is: (i) Practiced by the migratory ducks and geese merely. (ii) Practiced by the female song birds each and every spring. (iii) Rousingly substituted by the water-bedding. (

  • Q : Strikes and Lockouts Can someone please

    Can someone please help me in finding out the accurate answer from the following question. The outcomes of strikes do not comprise: (i) Losses of the perishable products. (ii) Shipping delays. (iii) Decreased production costs. (iv) Shortages.