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    International Economics Study Set 11
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    Exam 2: Early Trade Theories: Mercantilism and the Transition to the Classical World of David Ricardo
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    In the Price-Specie-Flow Doctrine, a Deficit Country Will __________ Gold
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In the Price-Specie-Flow Doctrine, a Deficit Country Will __________ Gold

Question 25

Question 25

Multiple Choice

In the price-specie-flow doctrine, a deficit country will __________ gold, and this gold Flow will ultimately lead to __________ in the deficit country's exports.


A) lose; a decrease
B) lose; an increase
C) gain; a decrease
D) gain; an increase

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