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Business, 27.01.2021 18:40 nessabear9472
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Assume there are only two countries: Alan’s and Barry’s. Alan’s country has a stronger currency than Barry’s country does. Alan’s country imports more goods from Barry’s country than it exports to Barry’s country. Thus, Barry’s country exports more than it imports. Which trade situation would occur in Alan’s country? Which trade situation would occur in Barry’s country?
Alan’s country would have a (trade overflow/trade lockdown/trade deficit), and Barry’s country would have a (trade surplus/trade embargo/trade hiatus).
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