Should imports to the United States be curtailed by, say 20 percent to eliminate our trade deficit? What might happen if this were done?

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 24RQ: In recent decades, has the U.S. trade balance usually been in deficit, surplus, or balanced?
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Should imports to the United States be curtailed by, say 20 percent to eliminate our trade deficit? What might happen if this were done?

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