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If the value of exports for a country is $35,500,000 and the value of imports is $35,000,000, the balance of trade can be described as

Correct Answer: in surplus, favorable and +$500,000

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International Financial Management MCQ: If the value of exports for a country is $35,500,000 and the value of imports is $35,000,000, the balance of trade can be described as | Extra Education