The Trade Balance Must Equal the Level of Private and Public

question 20

True/False

The trade balance must equal the level of private and public saving in the country.

---

Definitions:

Continental Army

A revolutionary war army established by the Second Continental Congress in 1775, led by General George Washington, to fight against British forces.

Savannah

A flat grassland ecosystem, typically found in tropical and subtropical regions, characterized by scattered trees and abundant animal life.

British Strongholds

Strategic locations controlled by the British, often referring to military or colonial sites that held significant importance.

Water Escape Route

A route primarily through water bodies used for escape, often in emergency situations like floods or by escaping prisoners/slaves.