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Suppose a small open economy has a trade deficit.Will this be a problem for the small open economy?Should the government of the small open economy

Suppose a small open economy has a trade deficit.Will this be a problem for the small open economy?Should the government of the small open economy try to reduce the trade deficit?If so, how to do it?

Please support your arguments with some examples or/and data.

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A Survey of Mathematics with Applications

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