A balance of payments surplus means that more money flows out than in.
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Q21: A country has an absolute advantage when
Q22: A country has a comparative advantage in
Q23: In the context of international markets, industries
Q24: When the total value of imports is
Q25: A country experiences a trade surplus when
Q27: In American firms with Japanese operations, a
Q28: The exchange rate expresses the value of
Q29: Comparative advantage always remains static.
Q30: The balance of trade is a measure
Q31: China and India have invested in creating
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