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What else can I help you with?
Kind of trade that could not be prohibited before 1808?
slave trade
What is it called when a country brings in goods it needs from another country?
It means you end up with international trade, International aid and international security treaty's,
Congress could not regulate the slave trade until when?
1808
What is Moral Embargo?
A moral embargo involves prohibiting of trades and commerce based on conflict with a country's morals. For example, a country may not trade because of what they deem "immoral happenings" in a country, such as the apartheid.
What were two things that made the colonists dissatisfied with Spanish rule?
1. The mother's country's control because they could not trade even for neccessities. 2. Extreme classism they battle prejudice based on their economic and racial distinctions.
What is a favorable balance trade?
it is the relationship between a country's imports and exports ;)
Does the US have a favorable or unfavorable balance of trade?
Favorable
What does it mean if a country maintains a favorable balance of trade?
A favorable balance of trade occurs when a country's exports exceed its imports, leading to a trade surplus. This situation can indicate a strong economy, as it suggests that the country is producing goods and services that are in demand internationally. A favorable balance can also contribute to increased national income, foreign exchange reserves, and investment opportunities. However, it's essential to consider the sustainability of such a balance and the overall economic context.
Favorable balance of trade?
Country exports more than their total imports per capita
According to the theory of mercantilism a country has a favorable balance of trade when?
the value of exports is greater than the value of imports
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What was the goal of mercantilism?
creation of a favorable balance of trade
Which was a feauture of mercantilism?
seeking a favorable trade balance
What theory states that a country has a favorable balance of trade when it exports more than it imports during the colonization and revolutionary war?
Mercantilism is the theory that states a country has a favorable balance of trade when it exports more than it imports. This theory was prevalent during the time of colonization and the Revolutionary War. It emphasized accumulating wealth in the form of precious metals and promoting a positive trade balance through restrictions and regulations.
What was one goal of mercantilism?
creation of a favorable balance of trade
Which was an aspect of mercantilism?
An interest in having a favorable trade balance
What is the difference between a favorable and an unfavorable balance of trade?
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
