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If the U.S. economy were to go through a severe recession by itself (i.e., without it being contagious to the rest of the world), we would typically observe an increase in the U.S. trade deficit.
Q3: Comparative advantage is based on opportunity costs.
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Q88: The fallacy of composition is the error
Q104: Point f in Exhibit 2-3 represents<br>A)an efficient
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Q166: Once state and federal taxes are added