net exports/trade

Question 1

determinants of our net trade

Question 2

real disposable incoem abrpad

Answer 2

boom abroad,folks abroad have increased MP to export,increases our exports to the right in graph
however if recession,MP to peeople abroad to import goods from the uk would decrease,therefore decrease in our exorts. left shift.

Question 3

real disposable income earned at home impact on trade?

Answer 3

boom in the uk>mp to import higher>called suck in effect of import>therefore import expenditure likely to rise
recession>mp to import drops>suck in less imports>m expenditure falls>inc our bracket>shift right

Question 4

protectionism abroad impact on net trade?

Answer 4

stong protection e.g tarrifs on our exports>prevent us accessing international markets with our exports>decrease our export revenue.
but lower then the opposite

Question 4

protectionism abroad impact on net trade?

Answer 4

stong protection e.g tarrifs on our exports>prevent us accessing international markets with our exports>decrease our export revenue.
but lower then the opposite

Question 5

inflation impacts on net trade

Answer 5

makes our exports more pricy>if other countries r lower then we r then less competitive>