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Joanne Haller
on Nov 26, 2024

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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.
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Cadence StanleyNov 26, 2024
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