Ask Question
18 April, 01:31

An excess of merchandise exports over merchandise imports results in a balance of trade deficit. True False

+5
Answers (1)
  1. 18 April, 02:21
    0
    False

    Explanation:

    As we know that

    Net exports = Exports - imports

    If the exports are higher than the imports than it would be surplus and on the other hand if exports are lower than the imports than it would be deficit

    In the given scenario, since the merchandise exports have a higher value than the merchandise imports that reflects the trade surplus, not the trade deficit.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An excess of merchandise exports over merchandise imports results in a balance of trade deficit. True False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers