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This reflects the reality that the United States buys a lot more imports that they sell in exports, particularly when trading with China.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 25 - The Balance of Payments, Exchange Rates, and Trade Deficits - Discussion Questions - Page 580: 9
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