When a country has a trade surplus, it [...] or [...]reflecting the financing needed by foreigners running trade deficits with that country.
Answer
it lends to foreigners or buys assets from foreigners
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it When a country has a trade surplus, it lends to foreigners or buys assets from foreigners reflecting the financing needed by foreigners running trade deficits with that country.
Similarly, when a country has a trade deficit, it has to borrow from f
Original toplevel document
2.1. Basic Terminology e while those in Europe and the Middle East (which benefited from rising prices of their petroleum exports) experienced a substantial increase. Africa also experienced a small improvement in its terms of trade during this period.
<span>Net exports is the difference between the value of a country’s exports and the value of its imports (i.e., value of exports minus imports). If the value of exports equals the value of imports, then trade is balanced. If the value of exports is greater (less) than the value of imports, then there is a trade surplus (deficit) . When a country has a trade surplus, it lends to foreigners or buys assets from foreigners reflecting the financing needed by foreigners running trade deficits with that country. Similarly, when a country has a trade deficit, it has to borrow from foreigners or sell some of its assets to foreigners. Section 4 on the balance of payments explains these relationships more fully.
Autarky is a state in which a country does not trade with other countries. This means that all goods and services are produced and consumed domestically. The price of a go
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.