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Macroeconomics (9th Edition)
9th Edition
ISBN: 9780134167398
Author: Andrew B. Abel, Ben Bernanke, Dean Croushore
Publisher: PEARSON
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Chapter 5, Problem 10RQ
To determine
To evaluate:The periods in which U.S had twin deficits and the periods when they moved in opposite direction.
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We often hear that trade deficits are bad for a country. Should we agree or disagree with this viewpoint?
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Macroeconomics (9th Edition)
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- What are some reasons to think that America is obligated to help poor countries? What are some reasons to think that America is not obligated to help poor countries? Is foreign aid worsening our budget deficit?arrow_forwardExplain the BOP deficit shortly? When a nation is suffering a BOP deficit, what does it need to cover that deficit? Explain.arrow_forwardJust a couple of years after the economic crisis, Spain managed to reduce their trade deficit, was this the result of successful policy taking?arrow_forward
- If a country has a trade deficit, what will occur?Choose one answer. Imports will exceed exports. Exports will exceed imports. Imports and exports will be equal. d. Currency will be devaluedarrow_forwardWhy is the bilateral trade deficit between 2 countries a bad measure of whether those countries treat each other fairly? Give an example, for instance trade between Japan and Saudi Arabiaarrow_forwardIf a country has a trade deficit, what will occur?Choose one answer.a. Imports will exceed exports. b. Exports will exceed imports. c. Imports and exports will be equal. d. Currency will be devalued.arrow_forward
- A government official announces a new policy. Thecountry wishes to eliminate its trade deficit, but willstrongly encourage financial investment from foreignfirms. Explain why such a statement is contradictory.arrow_forwardDefine trade surplus and trade deficit.arrow_forwardIf US is expected to have 12 billion dollars more export and 8 billion dollars less import. How will the trade deficit change?arrow_forward
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