Which of the following statements is NOT CORRECT regarding a country's current account? Higher imports would lead to a higher deficit in a country's current account. Lower exports would lead to a higher deficit in a country's current account Lower imports would lead to lower deficit in a country's current account. Only a change in imports will change the deficit in a country's current account.

Which of the following statements is NOT CORRECT regarding a country's current account? Higher imports would lead to a higher deficit in a country's current account. Lower exports would lead to a higher deficit in a country's current account Lower imports would lead to lower deficit in a country's current account. Only a change in imports will change the deficit in a country's current account.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter15: International Trade And Finance

Section: Chapter Questions

Problem 12SQ

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