Suppose there are two countries, B and C, that have no trade and no financial transac- tions with any countries except cach other. B imports a total of goods worth 10 million bollars from C, where a bollar is a unit of B's currency. B has no exports. Which of the following must be true?
Suppose there are two countries, B and C, that have no trade and no financial transac- tions with any countries except cach other. B imports a total of goods worth 10 million bollars from C, where a bollar is a unit of B's currency. B has no exports. Which of the following must be true?
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: Open-economy Macroeconomics: Basic Concepts
Section: Chapter Questions
Problem 8PA
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