ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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export>import
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export<import
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export=import
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export#import
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Detailed explanation-1: -A trade deficit occurs when a country imports more than it exports. In other words, when a country buys more than it sells, it has a trade deficit.
Detailed explanation-2: -A trade deficit occurs when a country’s imports exceed its exports during a given period. Trade deficits can be shorter or longer term. Implications of a trade deficit depend on impacts on production, jobs, national security and how the deficits are financed.
Detailed explanation-3: -A trade deficit occurs when a country imports more goods than they export. A trade surplus occurs when a country exports more goods than they import. Net exports are calculated by subtracting exports and imports.
Detailed explanation-4: -If exports exceed imports then the country has a trade surplus and the trade balance is said to be positive. If imports exceed exports, the country or area has a trade deficit and its trade balance is said to be negative.
Detailed explanation-5: -1 min read . Updated: 16 Jan 2023, 04:00 PM IST Livemint. Despite global headwinds, India’s exports have held its head high, Commerce Secretary Sunil Barthwal has said.