Asked by
Joanne Haller
on Nov 26, 2024Verified
A nation that imports more goods and services than it exports is necessarily realizing an international balance of payments deficit.
Balance of Payments Deficit
A situation where a country's total international payments exceed its total international receipts over a specified period, indicating more money flowing out than coming in.
- Perceive the ramifications of trade balances on the economic well-being of nations and their currency's worth.
Verified Answer
CS
Learning Objectives
- Perceive the ramifications of trade balances on the economic well-being of nations and their currency's worth.