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What is the relationship between the balance of trade and the current account balance?
Minimize
To reduce something to the smallest possible level or amount.
Profits
The financial gains obtained when revenues exceed the costs and expenses incurred to operate the business.
Total Costs
The sum of all costs incurred by a business in producing a certain amount of goods or services.
Variable Costs
Costs that change in proportion to the level of goods or services a business produces.
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