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. [25 marks]

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter14: A Macroeconomic Theory Of The Open Economy
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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. [25 marks]
Transcribed Image Text: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. [25 marks]
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