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Select the correct answer. If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what
Select the correct answer. If the value of imports for the current year is $3 billion and the value of exports is $8 billion, what effect will this have on the country's trade balance? A. There will be a trade deficit. B. There will be no effect. C. There will be a trade surplus. D. The trade deficit will increase
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
