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Other things equal, if the United States continually runs trade deficits, foreigners will own U.S. assets. a. More and more. b. Less and less. c. The same amount of.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 18SCQ: How did large trade deficits hurt the East Asian countries in the mid 1980s? (Recall that trade...

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Other things equal, if the United States continually runs trade deficits, foreigners will own U.S. assets. a. More and more. b. Less and less. c. The same amount of.

Definition Definition Situation in which a country spends more on imports than it makes through exports. When a trade deficit exists, net exports will be negative. Trade Deficit = (Imports) - (Exports)

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