18th Edition

ISBN: 9781453384503

Author: Taylor, John B.; Weerapana, Akila

Publisher: BOSTON ACADEMIC (DBA FLAT WORLD)

Textbook Question

Chapter 23, Problem 21SCQ

Explain briefly whether each of the following would be more likely to lead to a higher level of trade for an economy, or a greater imbalance of trade for an economy.

Living In an especially large country
Having a domestic investment rate much higher than the domestic savings rate
Having many other large economies geographically nearby
Having an especially large budget deficit
Having countries with a tradition of strong protectionist legislation shutting out imports

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Chapter 23, Problem 20SCQ

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