Asked by
Anthony Soriano
on Nov 26, 2024Verified
The U.S. often has a significant surplus in services trade, even though it has a deficit in goods trade.
Services Trade
The exchange of services between countries, including sectors such as finance, insurance, transport, and tourism.
Goods Trade
The act of buying, selling, or exchanging tangible products between countries or within a country.
- Learn about the consequences of trade balances on the financial stability of countries and the value of their currencies.
Verified Answer
HR
Learning Objectives
- Learn about the consequences of trade balances on the financial stability of countries and the value of their currencies.