A Country with Negative Net Exports Has a Trade Surplus

question 138

True/False

A country with negative net exports has a trade surplus.

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Definitions:

Goods Exports

Refers to the selling and shipment of tangible products from one country to another, contributing to a nation’s gross domestic exports.

Goods Imports

The process of bringing goods from foreign countries into one’s own country for use or sale.

Balance Of Payments

A record of all financial transactions made between consumers, businesses, and the government in one country with others.

Hypothetical Data

Data or information that is assumed or simulated for the purpose of analysis or discussion.