Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

تمرين 18

What have been the major causes of the large U.S. trade deficits in recent years? What are the major benefits and costs associated with trade deficits? Explain: "A trade deficit means that a nation is receiving more goods and services from abroad than it is sending abroad." How can that considered to be "unfavorable"?