A Country with Negative Net Exports Has a Trade Surplus

question 138

True/False

A country with negative net exports has a trade surplus.

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Definitions:

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Downsloping

Refers to a descending trend or pattern, often used in contexts such as demand curves in economics, where price and quantity demanded move in opposite directions.

Nominal Interest Rate

The interest rate expressed in terms of annual amounts currently charged for interest and not adjusted for inflation.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.