Negative Net Exports Are the Same as a Trade Surplus

question 116

True/False

Negative net exports are the same as a trade surplus.

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Definitions:

Agent

An individual or entity authorized to act on behalf of another.

Written Agreement

A contract or agreement put in written form and typically signed by all parties involved.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, under specific terms.

Unusually Hazardous

Activities or conditions that carry an exceptionally high risk of causing harm or damage.