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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

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Related Questions

What is an excess of imports over exports?

This would be a trade deficit, where the imports cannot be balanced by exports.


When a country's imports exceed its exports there is a trade what?

deficit


Which of these is most closely associated with the level of US imports and exports A budget deficit B national debt C trade deficit D inflation rate?

C- the trade deficit which is exactly exports-imports


A country's trade deficit is expressed as?

exports minus imports.


What is balance of trade?

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.


Use the word deficit in a sentence?

The countries imports outweighed their exports resulting in a trade deficit.


When the value of a nation imports exceeds the value of that nations exports the nation is said to have?

When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.


Which term explains a situation where imports exceed exports?

Trade deficit


What term explains a situation where imports exceed exports?

Trade Deficit


What happens when the level of imports is greater than the level of exports?

A trade deficit


How do net exports help determine the nation's income?

When imports exceed exports, a trade deficit can occur


What does it mean if net exports are negative?

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.