In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and

In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?

In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above? ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

A country's trade will always be in balance even though it runs a deficit with a single country.

A country's trade deficits and surpluses with other countries always balance out.

A country's global trade balance is a sign of strength or weakness.

A country's global trade balance is determined by relative demand and productive capabilities.

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Monopoly is characterized by an absence or decline in competition. XYZ Corporation realizes that its operations are in competitive industries. Which of the following conclusions may be inferred from the above?

Monopoly is characterized by an absence or decline in competition. XYZ Corporation realizes that its operations are in competitive industries. Which of the following conclusions may be inferred from the above?

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