Social Studies, 27.10.2020 23:10 ctdavis
A country exports goods and services valued at $300 million in a year. During
that same year, the country imports goods and serves valued at $400 million.
Which conclusion best describes the country's balance of trade?
A. The country has a trade deficit.
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B. The country has established an absolute advantage.
C. The country has a trade surplus.
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D. The country has established a comparative advantage.
Answers: 3
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A country exports goods and services valued at $300 million in a year. During
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