5. If the value of goods and services bought from other countries is more than the value...

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5. If the value of goods and services bought from other countries is more than the value of goods and services sold to other countries, this is called

a. a trade deficit.

b. a trade surplus.

c. an expansion.

d. a recession.

e. a business cycle.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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