The balance of trade is net exports or imports less exports.
Correct Answer:
Verified
Q6: The real current account balance equals:
A)net foreign
Q7: The trade balance is:
A)the difference between exports
Q8: Real GNP in an open economy is:
A)the
Q9: The real current account balance is real
Q10: The real current account balance equals:
A)the trade
Q12: The real current account balance equals
A)the net
Q13: The law of one price:
A)prohibits price discrimination.
B)is
Q14: The real current-account balance is:
A)net real asset
Q15: The trade balance is:
A)the difference between exports
Q16: The real current account balance equals:
A)net foreign
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