If Country A runs a trade deficit against Country B for one year,then:
A) it must compensate Country B during that year with a promissory note.
B) it must compensate Country B by exporting its excess production in the future.
C) it may continue to run a deficit for all time.
D) none of the above
E) a and b are correct.
Correct Answer:
Verified
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Q14: The basic motivation for international trade is
Q14: Worldwide, the trade balance must be:
A) unsure.
B)
Q16: Over time,the "economic distance" between countries has:
A)remained
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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
Q20: Over time,international trade enables an economy to:
A)run
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