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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you What Is the Definition of Trade Balance? However, that's not always true. A trade surplus or trade deficit is not inherently good nor bad. The balance of trade alone is not an indicator of economic
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Price + Volume = Profit Definition of Trade Balance, Trade Surplus, and Trade Deficit 1. Which of the following defines balance of trade? A. The prohibition of free trade B. The difference between amount exported and amount imported.
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