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If the World Supply Curve Is SW1

Question 51

Multiple Choice

If the world supply curve is SW1, If the world supply curve is S<sub>W1</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.

Correct Answer:

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