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    If the World Supply Curve Is S<sub>W0</sub>
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If the World Supply Curve Is SW0

Question 49

Question 49

Multiple Choice

If the world supply curve is SW0, If the world supply curve is S<sub>W0</sub>,   A)  there is a trade deficit. B)  there is a trade surplus. C)  trade is in balance. D)  there is no trade.


A) there is a trade deficit.
B) there is a trade surplus.
C) trade is in balance.
D) there is no trade.

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