Cissen and Napor are two neighboring countries that actively trade goods and services with each other. Under
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Question:
Cissen and Napor are two neighboring countries that actively trade goods and services with each other. Under the gold standard, there will be a net flow of gold from Napor to Cissen when
Multiple Choice
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Cissen is in trade deficit with Napor.
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Napor is in balance-of-trade equilibrium with Cissen.
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Cissen is in trade surplus with Napor.
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Cissen imports more than it exports to Napor.
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Napor balance of payment to Cissen is favorable.
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