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blinkrb blinkrb
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10 months ago

Which of the following statements is false?



▸

When the value of a country's imports is greater than the value of its exports, the country's net exports will be a positive value.



▸

A country is running a trade deficit when the value of its imports is greater than the value of its exports.



▸

A country is running a trade surplus when the value of its exports is greater than the value of its imports.



▸

Net exports are sometimes referred to as the balance of trade.

Textbook 
Economics

Economics


Edition: 12th
Author:
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SirangelouSirangelou
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10 months ago
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