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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 23
Circle the letter that corresponds to the best answer. Statement I: Since the late 1990s, our negative balance of trade has become much larger.
Statement II: The United States has the world's largest negative balance of trade.
A) Statement I is true, and statement II is false.
B) Statement II is true, and statement I is false.
C) Both statements are true.
D) Both statements are false.
Statement II: The United States has the world's largest negative balance of trade.
A) Statement I is true, and statement II is false.
B) Statement II is true, and statement I is false.
C) Both statements are true.
D) Both statements are false.
Explanation
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A country can be said to have balance of...
Macroeconomics 11th Edition by Stephen Slavin
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