When trading in global markets, most countries prefer to import more than they export.

Question

Quizplus · Accepted Answer

This is false. While some countries may have a trade deficit, meaning they import more than they export, not all countries prefer this. Some countries strive to maintain a trade surplus, where they export more than they import. The balance of trade can depend on various factors including economic policies, currency exchange rates, and global demand for goods and services.

When Trading in Global Markets, Most Countries Prefer to Import