2a. If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports 2b. What is included in the current account balance? 2c. If a country is a big exporter, is it more exposed to global financial crises?
2a. If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports 2b. What is included in the current account balance? 2c. If a country is a big exporter, is it more exposed to global financial crises?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 2SCQ: If the trade deficit of the United States increases, how is the current account balance affected?
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