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Balance of Payments: Current Account
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Balance of Payments: Current Account
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21. Open-Economy Macroeconomics / Balance of Payments: Current Account / Problem 6
Problem 6
Which of the following scenarios describes a trade surplus?
A
A country has no international trade.
B
A country exports more goods than it imports.
C
A country imports more goods than it exports.
D
A country has equal exports and imports.
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