A Trade Surplus Occurs If Imports Are Greater Than Exports

question 26

True/False

A trade surplus occurs if imports are greater than exports.

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Definitions:

Middle-Class Children

Children raised in socioeconomic conditions characterized by moderate financial stability and access to education.

Adolescence

The transitional stage of development between childhood and adulthood, characterized by physical, psychological, and social changes.

Cult of Domesticity

A value system among the upper and middle classes during the 19th century in the United States and Great Britain that emphasized new ideals of femininity, piety, and the role of women as keepers of the home.

Industriousness

The quality of being hard-working and diligent, often leading to increased productivity and achievement.