Over time,international trade enables an economy to:
A) run a trade deficit forever.
B) smooth consumption.
C) run a trade surplus forever.
D) experience variations in consumption.
E) none of the above
Correct Answer:
Verified
Q15: If Country A runs a trade deficit
Q16: Over time,the "economic distance" between countries has:
A)remained
Q17: With trade,
A)an economy can realize higher welfare.
B)an
Q18: Prior to 1975,the United States had:
A)balanced trade.
B)a
Q19: About _ percent of the U.S.GDP is
Q21: Q22: If the United States is running persistent Q23: Intertemporal trade deficits and surpluses reflect:![]()
A)international borrowing.
B)international
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