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True or False
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1
The United States is the largest exporter in the world.
A)TRUE
B)FALSE
2
When the value of a nation's exports exceeds its imports, an unfavorable balance of trade results for that nation.
A)TRUE
B)FALSE
3
When doing business in another country, U.S. businesspeople need not follow U.S. laws.
A)TRUE
B)FALSE
4
An import quota is a complete ban on the import or export of certain products.
A)TRUE
B)FALSE





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