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

Name: An excess of merchandise exports over merchandise imports results in a balance of trade deficit.
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Question

Quizplus · Accepted Answer

This statement is incorrect. An excess of merchandise exports over merchandise imports actually results in a balance of trade surplus, while an excess of merchandise imports over merchandise exports leads to a balance of trade deficit. Therefore, option B is correct.

An Excess of Merchandise Exports Over Merchandise Imports Results in a Balance