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Summary
 
 
Terms
 
 
Trade Basics
 
 
Problems
 
 
The Means of Trade
 
 
Problems
 
 
Exchange Rates
 
 
Problems
 
 
Trade and the Country
 
 
Problems
 
 
Test
 
 
Further Reading
 
 
 
 
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International Trade

 
 

Problems

 
Problem 2.1: What identity describes both output and income? [Solution]
Problem 2.2: How do we calculate net exports? [Solution]
Problem 2.3: If a country exports $200 worth of goods and imports $300 worth of goods, what is the level of net exports? [Solution]
Problem 2.4: What happens when net exports are negative? [Solution]
Problem 2.5: Would you expect a country that has few imports and many exports to have much foreign investment? [Solution]
 
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