8.2.2 - Balance of Trade
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Practice Questions
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What does a positive balance of trade indicate?
💡 Hint: Think about surplus.
What is dumping?
💡 Hint: Consider competition.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does it mean when a country has a negative balance of trade?
💡 Hint: Think about what impacts financial reserves.
True or False: The WTO helps in regulating trade among member nations.
💡 Hint: Consider organizations that oversee trade rules.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Evaluate the long-term economic effects of consistent negative balances of trade for a developing country.
💡 Hint: Consider the implications of financial shortages.
Propose a detailed strategy for a country to improve its trade balance sustainably.
💡 Hint: Think about developing internal capabilities.
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