QUESTION 12 A balance of trade deficit means that the total value of nation's imports of goods and services is exceeds the total value of its exports of goods and services. O True O False QUESTION 13 Suppose that the value of the dollar moves from =$1.5 to =$1.75. What effect would this have on the UK's balance of trade, all else being equal? O UK BOT would decrease O UK BOT would increase O UK BOT would remain constant cannot be determined