What is a trade deficit? State some of the disadvantages for a developing country.

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International Economics

ISBN: 9781292433998

8th Global Edition

Authors: James Gerber

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Question Posted: Dec 10, 2023 10:36 AM

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What is a trade deficit? State some of the disadvantages for a developing country.

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A trade deficit occurs when a country imports more goods and services than it exports This means that the total value of imports exceeds the total val...View the full answer

International Economics

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