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A Balance of Trade Deficit Exists When

Question 28

Multiple Choice

A balance of trade deficit exists when:


A) the monetary value of imports exceeds that of exports.
B) economies of scale are not achievable.
C) supply of imports exceeds the demand for them.
D) the monetary value added by an exporting nation exceeds that added by an importing nation.
E) the monetary values of exports and imports are equal.

Correct Answer:

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