Please answer the questiond below with own words and couple sentences In one or two sentences,
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Please answer the questiond below with own words and couple sentences
In one or two sentences, explain if a country would rather have a trade surplus or a trade deficit. Then, in two or three sentences, explain the difference between balance of trade and balance of payments.
In a brief paragraph discuss the difference between absolute and comparative advantage. Identify an example of how comparative advantage prompts trade.
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