Overseas Leakage Occurs When Net Imports Exceed Net Exports

question 59

True/False

Overseas leakage occurs when net imports exceed net exports.

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Definitions:

Infrastructure

Infrastructure refers to the fundamental physical and organizational structures and facilities required for the operation of a society or enterprise, such as roads, water supply, and power grids.

Silicon

A chemical element, often used as a semiconductor in electronics and solar cells, as well as in the production of silicone rubbers and lubricants.

Globalization Of Production

The sourcing of land, labor, and capital from different nations rather than obtaining everything locally.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods traditionally performed in-house by the company's own employees and staff.