Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 32, Problem 22RQ

What are the major issues with regard to trade imbalances for low- and middle-income countries?

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Students have asked these similar questions
What is a trade deficit?
If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
In the previous problem, do we have a trade surplus or trade deficit?

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Principles of Economics 2e

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