Negative Net Exports Are the Same as a Trade Surplus

question 116

True/False

Negative net exports are the same as a trade surplus.

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Definitions:

ASE

The National Institute for Automotive Service Excellence, a professional certification group that certifies professionals and shops in the automotive repair and service industry.

Certification Program

A structured program that provides training and assessment, leading to an official certification to verify an individual's competence in a specific field or technology.

Clutches

mechanical devices used to engage and disengage the power transmission from the driving shaft to the driven shaft.

Powertrains

The components of a vehicle that generate power and deliver it to the road surface, including the engine, transmission, driveshafts, and differentials.