Examlex
Which of the following statements is false?
Trade Deficits
A scenario where the value of a nation's imports surpasses the value of its exports within a specified period, indicating a net outflow of domestic currency to foreign entities.
WTO
The World Trade Organization, an international body aimed at promoting and facilitating global trade and resolving trade disputes.
Globalization
The method through which companies or various organizations expand their influence globally or begin to function at an international level.
Exports
Commodities or services sent overseas for the objective of being sold or traded.
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