The U.S. trade deficits of the 1980s and 1990s may represent a problem because they will require a. lower consumption in the future in order to finance increased investment. b. higher consumption in the future in order to increase imports. c. higher budget deficits in the future in order to increase the trade surplus. d. lower consumption in the future in order to repay interest and principal to foreigners.

The U.S. trade deficits of the 1980s and 1990s may represent a problem because they will require a. lower consumption in the future in order to finance increased investment. b. higher consumption in the future in order to increase imports. c. higher budget deficits in the future in order to increase the trade surplus. d. lower consumption in the future in order to repay interest and principal to foreigners.

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 3SCQ: State whether each of the following events Involves a financial flow to the Mexican economy or a...

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	a.	lower consumption in the future in order to finance increased investment.
	b.	higher consumption in the future in order to increase imports.
	c.	higher budget deficits in the future in order to increase the trade surplus.
	d.	lower consumption in the future in order to repay interest and principal to foreigners.