Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses euros for the transaction. Tanzania then uses the euros to purchase wine from Portugal. How will this transaction affect Portugal's trade deficit? The first transaction is recorded as an export capital account an export deficit will increase in the . The second transaction is recorded as in the capital account , so the trade

Suppose a Portuguese citizen travels to Tanzania to go on a safari and uses euros for the transaction. Tanzania then uses the euros to purchase wine from Portugal. How will this transaction affect Portugal's trade deficit? The first transaction is recorded as an export capital account an export deficit will increase in the . The second transaction is recorded as in the capital account , so the trade

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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