How can a nation have a favorable balance of trade but still have a deficit balance of

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How can a nation have a favorable balance of trade but still have a deficit balance of payments?

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Basic Economics

ISBN: 978-1111826642

16th edition

Authors: Frank V. Mastrianna

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Question Posted: Mar 08, 2018 09:59 AM

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How can a nation have a favorable balance of trade but still have a deficit balance of

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Although a nation may export more merchandise than it imports currency cl...View the full answer

Basic Economics

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