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    Principles of Microeconomics
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    Exam 20: International Trade, Comparative Advantage, and Protectionism
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    When a Nation's Exports Are Less Than Its Imports, It
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When a Nation's Exports Are Less Than Its Imports, It

Question 139

Question 139

Multiple Choice

When a nation's exports are less than its imports, it has a


A) trade surplus.
B) balanced trade.
C) trade shortage.
D) trade embargo.

Correct Answer:

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