In chapter 3, we talk about international business.? One of the terms that is mentioned is the balance of trade.? I
In chapter 3, we talk about international business. One of the terms that is mentioned is the balance of trade. In the US, we have a negative balance of trade, which means we import more items than we export. Is this a bad thing, in other words, is it truly a negative thing? Do you ever see a point where the US could achieve a positive balance of trade?? If so, under what circumstances??? Give some thought and possible scenarios. I do not want you to just say no!
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