Nations have typically placed greater importance to the goal of internal balance than to the goal of external balance.

Question

Quizplus · Accepted Answer

This statement is true. Internal balance refers to achieving full employment and price stability within a nation's economy, while external balance refers to achieving a balance in trade and financial flows between nations. Historically, nations have focused more on achieving internal balance, as it directly affects the well-being of their citizens, while external balance has often been seen as secondary.

Nations Have Typically Placed Greater Importance to the Goal of Internal