A Negative Balance of Trade Results When a Country Imports

question 11

True/False

A negative balance of trade results when a country imports more than it exports.

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Definitions:

Constitutional

Relating to the system of beliefs and laws that governs the organization and operation of a state or organization, typically documented in a written constitution.

Public Goods

Public goods are characterized by their non-excludability and non-rivalrous consumption, meaning they can be used by everyone and one person's use does not diminish another's, such as clean air or public parks.

Benefits-received Principle

The concept that individuals or entities should pay taxes in proportion to the benefits they receive from government services.

Childless Couple

A partnership between two people who do not have and do not plan to have children.