Examlex
Is the following syllogism valid? No Internet service provider is a small business.
Some businesses in our town are small businesses.
Some businesses in our town are not Internet service providers.
Trade Deficit
A situation in which a country's imports of goods and services exceed its exports, leading to more money flowing out of the country than coming in from foreign markets.
Imports
Goods and services brought into a country from abroad for sale.
Exports
Domestically produced goods and services sold in other countries.
Comparative Advantage
A theory in economics that suggests a country should specialize in producing and exporting goods in which it has a lower opportunity cost than its trading partners.
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