In an Action to Collect a Customs Penalty,the U

question 72

True/False

In an action to collect a customs penalty,the U.S.Treasury Department is the plaintiff and need only prove that the importer was negligent in providing misinformation.

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Definitions:

Net Capital Outflow

Disparity in investment activities, with locals buying assets internationally, in contrast to foreigners buying domestically.

Net Exports

The net amount obtained by subtracting a nation's total imports from its total exports.

Trade Balance

The financial discrepancy between exports and imports in a country's trade of goods and services.

Net Capital Outflow

Refers to the difference between the purchase of foreign assets by domestic residents and the purchase of domestic assets by foreigners. It's a measure of the international financial flow from a country.