Asked by Jessika Patterson on Jul 07, 2024
Verified
The value of a country's imports cannot exceed the value of its exports.
Imports
Goods and services purchased by a country from other countries, which contribute to the nation's supply but require expenditure of domestic currency.
Exports
Goods or services sent from one country to another country for sale or trade.
- Interpret taxation fundamentals and their role in the economic support of government projects.
Verified Answer
SW
Stephen WagnerJul 09, 2024
Final Answer :
False
Explanation :
A country can have a trade deficit where the value of its imports exceeds the value of its exports. This is a common occurrence and is typically offset by other financial transactions such as foreign investments or borrowing.
Learning Objectives
- Interpret taxation fundamentals and their role in the economic support of government projects.
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