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The United States currently has a trade deficit with China, meaning that the __________ has a negative balance. a.) balance of payments b.) trade barrier
The United States currently has a trade deficit with China, meaning that the __________ has a negative balance. a.) balance of payments b.) trade barrier c.) current account d.) capital accountWhich conclusions can be reached about China based on the information in the graph shown here? a.) China has a comparative advantage in the area of clothing. b.) China has a comparative advantage in the area of petroleum products. c.) China has an absolute advantage in the area of petroleum products. d.) China has to give up more petroleum products to produce clothing
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