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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Explain why such a statement is economically impossible.

To determine

The reason for not having both trade surplus and a healthy inflow of capital from abroad for which a government official started arguments

Explanation

A country could not strive for both a trade surplus and a healthy inflow of capital from abroad at same time. The trade surplus is the situation of more exports than imports which results in making the investors to invest money in foreign market. On the other hand, trade deficit is the situation of import over export which results in foreign investors to invest in the other country...

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