Asked by Michael Ariestan on May 08, 2024
Verified
We currently run a negative trade balance in ______ and a ______ trade balance in services.
Trade Balance
The difference between a country's exports and imports of goods and services, indicating whether a country has a trade surplus or deficit.
Negative
A condition or quantity less than zero or a loss or deficit in context.
- Understand the basic concepts of trade balances, including the difference between a trade surplus and a deficit.
- Recognize the factors influencing trade deficits and surpluses, including the role of services and goods.
Verified Answer
HT
Learning Objectives
- Understand the basic concepts of trade balances, including the difference between a trade surplus and a deficit.
- Recognize the factors influencing trade deficits and surpluses, including the role of services and goods.