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Question
Happyland's international trade situation illustrates that the country is experiencing a ________.A) current account deficit
B) capital account deficit
C) current account surplus
D) capital account surplus
Answer
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Which of the following statements is true of developing countries that have embraced globalization?
A) The countries have experienced an increase in life expectancy.
B) As a result of extensive commercialism, there has been a decline in personal income.
C) Relying upon developed countries for technology has rendered their talent pool stagnant.
D) Their rich cultural diversity hasn't been affected by exposure to new cultures.
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