What happens when a country's economy has a larger participation in foreign trade? O It has an underlying trade imbalance. O It has a substantial trade imbalance. O It is more likely to suffer a larger trade imbalance. O It may measure its exports as a share of GDP.

What happens when a country's economy has a larger participation in foreign trade? O It has an underlying trade imbalance. O It has a substantial trade imbalance. O It is more likely to suffer a larger trade imbalance. O It may measure its exports as a share of GDP.

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 41CTQ: Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower...

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What happens when a country's economy has a larger participation in foreign trade?
It has an underlying trade imbalance.
O It has a substantial trade imbalance.
O It is more likely to suffer a larger trade imbalance.
O It may measure its exports as a share of GDP.

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