If a Nation Exports More Goods Than It Imports, It

question 3

True/False

If a nation exports more goods than it imports, it has a surplus in the current account.​

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Definitions:

Pendleton Act

A United States federal law enacted in 1883 which established that government jobs should be awarded based on merit and not political affiliation, leading to the creation of the civil service.

Civil Service System

A merit-based system for managing government employees and their hiring, promotion, and responsibilities, aimed at ensuring a competent and politically neutral workforce.

Discretion

The freedom to decide what should be done in a particular situation, often within the framework of official authority or policy.

Bureaucratic Agency

A governmental body responsible for the oversight and administration of specific functions and regulations.