A Positive Balance of Trade Is Considered Good Because It

question 81

True/False

A positive balance of trade is considered good because it means that U.S. dollars are supporting foreign economies at the expense of U.S. companies and workers.

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Definitions:

Mnemonic Device

Strategy to aid memory.

Elaboration

The process of adding more detail or information to something, often used to enhance memory or understanding.

First Five Presidents

Refers to the initial five presidents of the United States: George Washington, John Adams, Thomas Jefferson, James Madison, and James Monroe, who served in office from 1789 to 1825.

Selective Attention

The cognitive process of focusing on a specific aspect of information while ignoring other perceivable information.