Asked by
Rogelen Villafuerte
on Nov 06, 2024Verified
A negative balance of trade exists when a country:
A) imports more than it exports.
B) exports more than it imports.
C) has more assets than debt liabilities.
D) spends more than it saves.
E) saves more than it spends.
Negative Balance
Occurs when the amount of money in an account falls below zero, indicating a deficit.
Imports
Imports are goods or services brought into one country from another country for sale, often to satisfy domestic demand for products not locally produced.
- Describe the principles of trade balance and its impact on the economic health of a nation.
Verified Answer
JS
Learning Objectives
- Describe the principles of trade balance and its impact on the economic health of a nation.