Bundle: Principles of Economics, Loose-leaf Version, 8th + LMS Integrated MindTap Economics, 2 terms (12 months) Printed Access Card
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Chapter 9, Problem 2QR
To determine

When the country becomes an importer and when it becomes an exporter.

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When does a country become an exporter of a good?An importer?
When does a society become an exporter of goods and an importer?
Which is better for a country—to export more or to import more?
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