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Explain the three ways a nation could achieve a favorable balance of trade?

Answers

Answer 1

Answer:

The Balance of Trade is the difference in value between what a nation imports and exports over a period of time. One approach to a favorable balance of trade includes reducing the amount of goods imported from other countries by placing tariffs, or import taxes, on those goods. Another approach was to encourage exports that could sell for high prices. A third approach was to control overseas sources of raw materials and precious metals.

Answer 2

The three ways to achieve a favorable balance of trade One approach by placing tariffs. Second, the approach was to encourage exports. The third approach was to control overseas sources of raw materials and precious metals.

What is the Balance Of Tarde?

The balance of trade is the difference in value between a nation's imports and exports of goods and services over a given period of time. It is typically expressed in the currency of the nation or economic union in question, such as dollars for the United States, pounds sterling for the United Kingdom, or euros for the European Union.

Mostly there are two types of balance of trade 1. An unfavorable balance of trade occurs when imports exceed exports in value. 2. Favorable balance of trade: This is a situation in which exports are worth more than imports, and vice versa.

Hence nation can control their economy by balancing their trade.

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Related Questions

what is life like for the members of the ute tribe today

Answers

Answer:

Ute people now primarily live in Utah and Colorado, within three Ute tribal reservations: Uintah-Ouray in northeastern Utah (3,500 members); Southern Ute in Colorado (1,500 members); and Ute Mountain which primarily lies in Colorado, but extends to Utah and New Mexico (2,000 members).

Explanation:

HELP MEEEEEEEEEEEEEEEEEE​

Answers

Okay, so sorry if you get this wrong but this is also a 'your opinion' so if you agree you would explain why you would agree and if you dont agree then you would explain why you dont agree. I think what it is saying is do you agree that it is better to have lived with them to know what happened or is it better to have just learned it from a teacher or something.

Sorry I wasnt much help I don't know exactly what to do but this is the best I got. Hope this helped a little :)

In acquiring the Louisiana Territory, Thomas Jefferson had to: Group of answer choices secure financing from Britain for the purchase. set aside most of his most deeply-held constitutional principles. become a strict constructionist. ignore the demands of the Federalists in the South.

Answers

Answer:

set aside most of his most deeply-held constitutional principles.

Explanation:

Jefferson is not exactly ranked among the top best American presidents but he certainly did well in the area of Louisiana purchase from France though it had to change his vision of the Constitution.

Jefferson's perspective ab initio was that the Constitution made no provision for the acquisition of a new territory or incorporating a new territory into the Union as a new

State.

Jefferson had to set aside most of his deeply-held constitutional principles and accept Gallatin’s reasoning concerning the purchase of Louisiana. In Jefferson's idea, the new territory would enter the Union as a matter of “expediency” rather than constitutional principle.

How did railroads and western expansion affect America's buffaloes? What motivated settlers and hunters to kill
many buffaloes?
Plzz hurry

Answers

Buffalos trampled settlers attempts to farm and got in the way during the western expansion of the railroad. They were dangerous sometimes. Buffalos were used for hide for fur trade, as well as a good source.

Answer:

Responses may vary but should include some or all of the following information: As settlers and railroads moved into the Indian Territory and beyond, hunters of all kinds began to kill buffaloes on the Plains. Many trappers and hunters sold buffalo pelts. Other hunters and tourists killed buffaloes for sport. Some may have been motivated to kill buffaloes to make an impact on tribes that depended on it; without this animal resource, tribes were forced to change their traditions and activities, opening the door to more influence from settlers and the government.

Explanation:

for edg2020 :)

Why was William Penn given land in the middle colonies?
A. He was a popular politician and businessman in England.
B. The king of England owed him money.
C. He was a close friend of the king of England.
D. He was appointed a governor of the middle colonies.

Answers

Answer:

B

Explanation:

King Charles II granted the land for the Pennsylvania Colony to William Penn in 1681 as payment for a debt the crown owed his family. Penn wrote the Frame of Government of Pennsylvania, which called for religious tolerance towards many, including local American Indians and the Religious Society of Friends.

Write some facts about the Location of Sumerian city-states:

Answers

Answer:

major sumerian city states included Eridu, Ur, Nippur, Lagash ans Kish but one of the oldest and most sprawling was Uruk a thriving trading hub that boasted six miles of defensive wall and a population of between 40000 and 80000.

Select two factors that encouraged the development of free enterprise in the American colonies? (A) freedom of all taxes (B) the institution of slavery (C) protection of property rights (D) minimal government intrusion

Answers

I would say A and C because with the freedom of all taxes it’s mainly talking about the American colonies the with C it talked about Property Protection

Two factors that encouraged the development of free enterprise in the American colonies were freedom of all taxes and protection of property rights. The correct options are A and C.

What was free enterprise in the colonies?

An economic system known as the free enterprise system is one in which the means of production are privately owned and in which the state or the government does not have a disproportionate amount of control. Capitalism and free market economics are generally synonymous with free enterprise.

The freedom to pick our companies, the right to private property, the pursuit of profit, competition, and consumer sovereignty are the five guiding principles of the free enterprise economic system in the United States.

Because they understood that free business was the system best suited to creating riches, the British largely allowed it to flourish in their colonies in North America.

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Target due: 12/3/20 All changes saved 17. Which earlier war got Great Britain into large amounts of debt that led to taxing the American colonies and eventually led to the American Revolution? French and Indian War Thirty Years' War War of Spanish Succession World War I

Answers

Answer: french and indian war

Explanation: French and indian war led to Britain having to payoff a huge debt so they figured they'd just tax

You are Benjamin Franklin. The Constitutional Convention is tensely divided between those who support the New Jersey Plan and those who support the Virginia Plan. Write a speech outlining three similarities between the two plans that supports continued discussion.

Answers

Answer:

The Virginia Plan was the outline developed by James Madison in his proposal for a restructuring of the central American government which was taken on and debated at the 1787 Constitutional Convention. The resulting document was the U.S. Constitution which became the founding document of the U.S. government following its ratification by the states.

Explanation:

Answer:

The Virginia Plan was the outline developed by James Madison in his proposal for a restructuring of the central American government which was taken on and debated at the 1787 Constitutional Convention. The resulting document was the U.S. Constitution which became the founding document of the U.S. government following its ratification by the states.

Explanation:

this is not my answer i am just helping others

asykes23. How do you know If I like to sing????

Answers

Answer: uhh I dunno

Explanation:

Answer:

they just do.

Explanation:

Plzzzzz help will mark BRAINLYLIST!!!!

Answers

The believe that the answer is the third option

who did the sons of liberty intimidate

Answers

The Sons of Liberty were a grassroots group of instigators and provocateurs in colonial America who used an extreme form of civil disobedience—threats, and in some cases actual violence—to intimidate loyalists and outrage the British government. The goal of the radicals was to push moderate colonial leaders into a confrontation with the Crown.

pls answer

if u know

Our ancestors of the Prehistoric Period are known to have moved from place to place to look for food. Thus, they are called:
(1 Point)
Bipedal
Hunters and gatherers
Nomads
Tool Makers

Answers

nomads are people who moved from one place to another depending on the weather, food, etc. bipedal are animals who are able to walk with 2 legs. hunters and gatherers preceeded nomads and decided to settle in one place instead of moving around periodically. tool makers makes tool I guess.

Answer:

nomads

Explanation:

because nomads would move where the food ect is

Which of the following countries were the two strongest countries in Europe at the end of the 19th century?
A) France and Spain
B) Italy and Japan
C) Russia and China
D) Germany and Great Britian

Answers

Answer:

I believe the correct answer is D)

Explanation:

What was one effect of the French and Indian War on Great Britain's American

Answers

Answer:

C: The British began to end the policy of salutary neglect.

Explanation:

Salutary neglect was the British policy that allowed the American Colonies to mostly rule themselves.

Please help me with this History question!

Answers

Answer:

think c

Explanation:

answer:

c or the third option

explanation:

because new construction is very common & when land is unavailable they turn to forests & they use that land to build new homes, skyscrapers or shops.

hope this helped! pls give me brainliest <3

John Cabot salled for which country?
Spain
Italy
England
Portugal

Answers

Answer: England.

Explanation:

Answer:

England

Explanation:

In 1497 he took a voyage to North America, where he claimed land in Canada for England

What was the difference between the types of settlers that came to the Chesapeake, versus the New England region?

Answers

Answer:

B-0: To identify the difference between the regions, the response states that colonists in the Chesapeake were more “civilized” with the Indians while the colonists in New England were more “aggressive with Natives early on, “which does not accurately describe or explain relations between colonists in both regions.

what happened if south win the civil war ? ​

Answers

There would have been slavery still or could still be going this day

How many student prefer to do face to face learning? Why

Answers

Answer:

I like to do face to face learning

Explanation:

Because I can easily get distracted when im online and when  im in class in can hear more clearly  

Was the British government justified in its enforcement of the Proclamation Line of 1763? Write a thesis statement

Answers

Answer:

Great Britain’s victory over France in the Seven Years’ War, also known as the French and Indian War, gave it control over all of eastern North America. In an attempt to further flex their dominance in the New World, King George III issued a royal proclamation on October 7, 1763, which established three new mainland colonies (Quebec, West Florida and East Florida), extended Georgia’s southern border and gave land to soldiers who had fought in the Seven Years’ War. Most notably, the Proclamation of 1763 banned settlement west of the Appalachian Mountains, infuriating colonists—including George Washington.

What were two weaknesses of the Articles of Confederation?

Answers

Answer:

Each state had one vote, and the government did not have an executive branch.

Explanation:

I took the test and the lesson, hope this helps!!

In the articles of confederation there is more weakness than strength, under the articles of Confederation. The lack of power given to the continental Congress strangle the federal government. The Article gave congress the power to pass laws but no power to enforce those laws.

What is the name of the important rock type they were searching for on the moon?
O granite
basalt
O sandstone
O anorthosite

Answers

Answer: Anorthosite

Explanation:

Anorthosite is an important rock type of the lunar highlands and probably formed the primitive lunar crust. This sample has been determined to be 4.19 billion years old by the Argon method of dating. This date corresponds to the formation of a large lunar impact basin from which the rock was thrown.

Tariffs and subsidies are both types of
O restrictions
O economic benefits.
economic penalties.
o incentives

Answers

they are economic benefits because they lower the domestic goods.

Answer:

Incentive.

Explanation:

After the First Seminole War, the Seminole tribe was
A. forced to move south to avoid settlement and the US government
B. given old lands to the north to encourage assimilation
C. forced to leave its lands and be removed to the West
D. given lands lost by the Creek during the Creek War
Please select the best answer from the choices provided
Ο Α
B
C
D

Answers

Answer:

A. moved to south to avoid settlement and us governemnt

I took this test before

Answer:

The answer is A. Forced to move south to avoid settlement and the US government

Explanation:

Can I please have Brainliest??! I only need 4 more before I level up :)

Which of the following are considered the most impactful legacies of WWll

Answers

Answer:

nazi Germany

Explanation:

I'm just guessing or Russia

How did the caste system
give power?

Answers

Answer:

the caste system began with the arrival of the Aryans in India. The Aryans arrived in India around 1500 BC.

Explanation:

Answer:

I'm assuming you're talking about the Indian Caste System.

Explanation:

The caste system gave power to people by basically telling you "no you cannot be better and you should not try to be better." This system was removed at one point but the shadow of the system is damaging Indian society to this day.

WILL DO A BRAINLY! One major difference between the “north” and “south” during the Antebellum era was?
A) The North was beginning to industrialize
B) The South and the West pushed for internal improvements
C) The North supported the expansion of slavery
D0 The South was in support of tariffs, it helped the export of cotton

Answers

Answer:A

Explanation:While the North started to industrialize, the South relied on agriculture.

Why did Arnold grow frustrated with his fellow Patriots?

Answers

Because they are incompetent

When did emperor Honorius ban all gladiatorial combat? Explain his reasons for banning all combat between gladiators and cite specific textual evidence from the sixth paragraph of Chapter XI to support your explanation.

Answers

Answer:

uh there's no picture this time

Explanation:

he banned it because he was a noob

Answer:

Emperor Honorius banned all gladiator combat in A.D 404. According to paragraph ten the text states," a Christian monk named Telemachus jumped into an arena in Rome and tried to seperate two combatants.". This situation ended with him getting killed. In response, the emperor banned all gladiatorial combats.

Explanation:

I did it! Hope this helps!

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Jobs 49 and 50 were also sold on account during the month for $122,000 and $158,000, respectively. The following additional events occurred during the month.1. Purchased additional raw materials of $90,000 on account.2. Incurred manufacturing overhead costs as follows: indirect materials $17,000 (including broom polish and specially crafted scissors to trim stray twigs), indirect labor $20,000 (Hansel and Gretel clean the shop and run errands for the elves), depreciation expense on equipment $12,000 (Broomhilda has multiple molding stations for each broom she creates), and various other manufacturing overhead costs on account $16,000.3. Assigned direct materials and direct labor to jobs as follows: Job no. Direct Materials Direct Labor50 10,000 5,00051 39,000 25,00052 30,000 20,000Required:a. Calculate the predetermined overhead rate for September, assuming Broomhilda estimates total manufacturing overhead costs of $840,000 and direct labor costs of $700,000 for September.b. 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