If a country imports more than it exports, its balance of trade is said to be favorable.
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Q5: A complete halt to trading with a
Q6: When the United States recently imported $2,661
Q7: Balance of payments is a much broader
Q8: International business includes all business activities that
Q9: The United States has consistently enjoyed a
Q11: Selling and shipping raw materials or products
Q12: Absolute advantage is the ability to produce
Q13: The total flow of money into a
Q14: Exportation of large quantities of a product
Q15: The total value of a nation's exports
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