If a Country's Exports Totalled $8 Billion and Its Imports

question 192

True/False

If a country's exports totalled $8 billion and its imports totalled $12 billion, then the country's balance of trade would be a surplus of $4 billion.

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Definitions:

Constructive Dismissal

A situation where an employee resigns due to the employer's conduct, which fundamentally breaches the employment contract.

Local Human Capital

The collective skills, knowledge, and experience possessed by individuals within a local population, contributing to its economic development.

Structural Capital

The knowledge, processes, and intellectual property that remain within an organization when its employees have gone home for the day.

Financial Capital

Economic resources in the form of money or other assets owned by individuals or organizations, used to fund business ventures or investments.