Which of the Following Statements Is False

question 44

Multiple Choice

Which of the following statements is false?

• A) When the value of a country's imports is greater than the value of its exports,the country's net exports will be a positive value.
• B) A country is running a trade deficit when the value of its imports is greater than the value of its exports.
• C) A country is running a trade surplus when the value of its exports is greater than the value of its imports.
• D) Net exports are sometimes referred to as the balance of trade.

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Definitions:

Entrepreneur

An individual who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

Initial Capital Requirements

The initial amount of money needed to start a business or investment, covering costs like equipment, inventory, and leasing.

Long-Term Assets

Are resources or investments owned by a company expected to provide value for more than one year, such as land, buildings, machinery, and intellectual property.

Guarantors

Individuals or entities that agree to be responsible for another's debt or obligations if the original party fails to meet its terms.