Describe the Impact of Exports and Imports on a Country's

question 231

Essay

Describe the impact of exports and imports on a country's balance of trade and its balance of payments.

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Definitions:

Network Effect

The effect where a good or service becomes more valuable as the number of users or participants grows.

Social Media Engagement

The measure of how people interact with content on social media platforms through likes, shares, comments, and other forms of communication.

Facebook

is a social media platform that allows users to create profiles, upload photos and videos, send messages, and keep in touch with friends, family, and colleagues.

Interact

To act in such a way as to have an effect on another; the process of two or more entities or individuals acting upon one another.