The economic environment of business: MBA – macroeconomics assignment #4

Questions

1. Long-term Growth, International Trade & Globalization
2. In terms of understanding the importance of trade to an economy, the most important consideration is the trade balance – deficit or surplus.
   i. True or False? ii. Why?

Answer: True.Balance of trade – deficit or surplus is the difference between the value of the goods a country exports and the value of the goods…

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