False - Because Americans buy so much abroad the us experienced and eever increasing trade deficit. In other words it consistently spent more on foreign imports than it earned by selling exports. This imbalance increased five fold between 1980 -1990
NO ANSWER
Imports: Hot Dog Exports:Noodles
Imports-machinery,vehicles,chemicals,foodstuff, textiles, metals Exports-machinery, vehicles, chemicals, metals, manufactures
The balance of trade refers to the difference between a nation's exports and imports of goods and services over a specific period. A positive balance, or trade surplus, occurs when exports exceed imports, while a negative balance, or trade deficit, happens when imports surpass exports. This balance can reflect a country's economic health, influence currency value, and impact policy decisions. Ultimately, a favorable balance can boost domestic industries, while an unfavorable balance may lead to increased foreign debt or economic vulnerability.
Traditionally, Ghanaian exports include cocoa, timber, and gold. Imports: Commodities, capital equipment, petroleum, consumer goods, foods, intermediate goods.
This would be a trade deficit, where the imports cannot be balanced by exports.
deficit
C- the trade deficit which is exactly exports-imports
exports minus imports.
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
The countries imports outweighed their exports resulting in a trade deficit.
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
Trade deficit
Trade Deficit
A trade deficit
When imports exceed exports, a trade deficit can occur
Net Exports (X-I) equal Exports (X) minus Imports (I). If Net Exports are negative ( X - I < 0 ) it implies that Imports must be larger than Exports. The country is importing more than it is exporting. This is also known as a Trade Deficit or a Commercial Deficit.