2.2.5 Net Trade 0.0 / 5 ? EconomicsMacroeconomicsASEdexcel Created by: 13clarkenCreated on: 19-01-19 10:32 ... is exports minus imports Net Trade 1 of 7 ... is the rules and regulations put in place to protect the economy from foreign competition Protectionism 2 of 7 A ... is a common good, usually simple goods Commodity 3 of 7 ... are influenced by Price, Real Income, Exchange Rates, World Economy State, Non-price factors and the Degree of Protectionism Exports 4 of 7 ... changes with Net Trade. An increase in Exports, or fall in imports, increases Net Trade and therefore increases ... Aggregate Demand 5 of 7 A ... is when the government recieves more in tax than they spend Budget Surplus 6 of 7 A ... is when the government spends more than what it receives in tax Budget Surplus 7 of 7
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