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gorgeous gorgeous
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3 years ago
Which one of the following is likely to lead to persistent balance of payments deficits under fixed exchange rates?

▸ A lower rate of growth at home than abroad

▸ The long-term development of import substitutes at home

▸ A growth in the country's monopoly power in the export market

▸ A lower income elasticity of demand for the country's exports than for its imports

▸ A higher rate of inflation abroad than in the domestic economy
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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Antoinette12Antoinette12
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3 years ago
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gorgeous Author
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3 years ago
Thank you, thank you, thank you!
foxrcng11
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
Smair87
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2 hours ago
You make an excellent tutor!
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