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    Exam 13: A Macroeconomic Theory of the Small Open Economy
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    If a Country's Imports Are Greater Than Its Exports,what Is
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If a Country's Imports Are Greater Than Its Exports,what Is

Question 103

Question 103

Multiple Choice

If a country's imports are greater than its exports,what is the country said to have?


A) a trade surplus
B) a trade deficit
C) a comparative advantage
D) an absolute advantage

Correct Answer:

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