If a Country Sells More Goods and Services Abroad Than

question 13

True/False

If a country sells more goods and services abroad than it purchases abroad, it has positive net exports and a trade surplus.

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Definitions:

Probability

The calculation of the likelihood of an event's occurrence, represented as a numeric value between 0 and 1.

Ace of Spades

A specific playing card considered to be the highest card in the deck of spades in many card games.

Diamond

A precious gemstone made of carbon, known for its exceptional hardness and high refractive index, leading to its notable sparkle.

Queen

A female monarch or the wife of a king, who rules a kingdom or has a high position of authority.