Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following countries or regions? Group of answer choices Asian and Pacific rim countries excluding China Europe China Africa

Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following countries or regions? Group of answer choices Asian and Pacific rim countries excluding China Europe China Africa

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 2SCQ: If the trade deficit of the United States increases, how is the current account balance affected?

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Question

Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following countries or regions?

Group of answer choices

Asian and Pacific rim countries excluding China

Europe

China

Africa

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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