Last year, a small country brought in 1.7 million dollars' worth of goods from other countries. The same country also manufactured and shipped 1.1 million dollars' worth of goods to other countries. Using this information, we know that this country
A) has a favorable balance of trade.
B) is bound by export quotas.
C) avoids countertrading.
D) utilizes trade protectionism.
E) has a trade deficit.
Correct Answer:
Verified
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