Introduction to Economics 2 Deneme Sınavı Sorusu #349537
Which of the following shows that Turkey has foreign trade deficit?
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There are limitations that governments put on international trade.
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The expenditures for goods and services purchases are independent of the current income level.
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There is the increase in the income level of Turkey.
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The export volume is less than the import volume.
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Net export function is increasing. |
Net export is the difference between revenue obtained by exporting goods and services to foreign countries and payment made by importing goods and services from foreign countries. If net exports take a positive value, the country has a surplus in foreign trade. If net exports have a negative value, the country will have foreign trade deficit. For example, Turkey has been a country having foreign trade deficit for many years; that is, her export volume is less than her import volume.
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