What determines whether a small open economy will have a trade surplus or a trade deficit?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

Question Posted: Feb 17, 2024 11:01 PM

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What determines whether a small open economy will have a trade surplus or a trade deficit?

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Several factors influence whether a small open economy will have a trade surplus or a trade deficit Relative prices If the prices of a small open econ...View the full answer

Macroeconomics Policy And Practice

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