If a Nation Has an Unfavourable Balance of Trade, It

question 32

True/False

If a nation has an unfavourable balance of trade, it also has an unfavourable balance of payments.

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Definitions:

Mexican American

A demographic group in the United States characterized by individuals of Mexican heritage, encompassing a rich cultural and historical identity.

Canadian Aboriginal

A term referring to the indigenous peoples of Canada, including First Nations, Inuit, and Métis communities.

Cardiovascular

Pertaining to the heart and blood vessels, often relating to the overall health and functioning of the circulatory system.

Socioeconomic

Relating to or concerned with the interaction of social and economic factors.