Which of the following are theories of the BOT?
A) monetary approach
B) absorption approach
C) elasticities approach
D) Both B and C
Question 2
Recently, many developing countries throughout the world have begun to institute policies that seek to
A) liberalize international trade by lowering trade barriers.
B) reduce dependence on international trade by raising trade barriers.
C) reduce dependence on international trade by instituting laws that call for buying only domestically made goods.
D) Two of the above.
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