International merchandise account balance is positive

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Reference no: EM13771330

If the U.S. international merchandise account balance is positive, then:

The U.S. must have purchased more merchandise abroad than it sold abroad.

The U.S. must have sold more merchandise abroad than it purchased.

The U.S. is borrowing greater amounts from abroad

The exchange value of the dollar must be too high

Reference no: EM13771330

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