If Japan has exports of 70 billion yen and imports of 60 billion yen, it is running a trade surplus.
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Q14: If Germany has exports of 90 billion
Q15: In 2014, the United States ran a
Q16: A country's balance of trade must be
Q17: If Belgium has exports of 50 billion
Q18: If a country has a trade deficit
Q20: If a country's imports are greater than
Q21: Country A has a comparative advantage compared
Q22: Country A would have an absolute advantage
Q23: Refer to the information provided in
Q24: According to the theory of comparative advantage,
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