When the value of a country's exports is higher than the value of its imports:
a) The country makes a higher profit: This is because the value of exported goods and services exceeds the cost of imported goods and services. This can result in a trade surplus, which means the country is earning more money from exports than it is spending on imports.
b) The country has a market economy: The relationship between export and import values does not determine whether a country has a market economy or not. A market economy refers to an economic system where prices, production, and allocation of goods and services are determined by the market forces of supply and demand. It is a separate concept that is not directly related to export-import imbalances.
c) The country is recognized as a matter of factor Nation: It is unclear what is meant by "factor Nation." However, if it refers to the country being recognized as a significant player in the global market, then there is a possibility that a country with a consistently higher value of exports may gain recognition in international trade.
d) The country becomes less dependent on other nations: When a country's exports exceed imports, it means the country is self-sufficient in producing and supplying goods and services within its own borders. This can reduce its dependence on other nations for certain goods and materials, contributing to economic independence and potentially increasing national security.
What happens when the value of a country's exports is higher than the value of its imports a a country makes a higher profit be a country has a market economy c a country is recognized as a matter of factor Nation d a country becomes less dependent on other nations
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