When the Dollar Value of a Country's Imports of Final

question 122

Multiple Choice

When the dollar value of a country's imports of final products exceeds the dollar value of its exports,the country has a

• A)balance of trade deficit.
• B)balance of payments surplus.
• C)balance of trade surplus.
• D)balance of payments deficit.

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Definitions:

Biconditionals

Statements that are true only if both components are either true or false together, often expressed as "if and only if."

Conjunction

In logic, an operator that connects two statements or propositions so that the resulting statement is true only if both components are true.

Disjunction

A logical operation yielding a true value if at least one of its operands is true.

Conditional

A statement in logic that is compound and expresses a factual possibility or hypothetical situation and its consequence.