d) King's Landing (KL) generally runs a trade surplus. Do you think this is mainly related to: (i) high foreign demand for goods made in KL; (ii) low demand for foreign goods in KL; (iii) a high saving rate relative to investment in KL; or (iv) structural barriers against imports into KL? Explain your answer.
d) King's Landing (KL) generally runs a trade surplus. Do you think this is mainly related to: (i) high foreign demand for goods made in KL; (ii) low demand for foreign goods in KL; (iii) a high saving rate relative to investment in KL; or (iv) structural barriers against imports into KL? Explain your answer.
Chapter18: International Trade And Finance
Section: Chapter Questions
Problem 20SQ
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