A Balance-Of-Trade Surplus Indicates an Excess of Merchandise Imports Over

question 15

True/False

A balance-of-trade surplus indicates an excess of merchandise imports over merchandise exports.

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Definitions:

Tautology

A statement that is true by necessity or by virtue of its logical form, often repeating the same idea or statement using different words.

Conjunct

An element of a conjunction, which is a compound statement formed by combining two or more statements with the connective "and."

Conjunction

In logic, a compound statement formed by combining two statements with the word "and," requiring both to be true.

Tautology

A statement that is true by necessity or by its logical form, independent of the truth values of its components.