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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 42
Circle the letter that corresponds to the best answer. Which statement do you agree with?
A) There are several problems causing our huge trade deficit; there are no easy solutions to these problems.
B) We could quickly eliminate our trade deficit by raising tariffs.
C) The main reason we have a large trade deficit is that foreigners refuse to buy American goods and services.
D) The main reason for our large trade deficit is our relatively low rate of economic growth.
A) There are several problems causing our huge trade deficit; there are no easy solutions to these problems.
B) We could quickly eliminate our trade deficit by raising tariffs.
C) The main reason we have a large trade deficit is that foreigners refuse to buy American goods and services.
D) The main reason for our large trade deficit is our relatively low rate of economic growth.
Explanation
Verified
Verified
Trade deficit refers to the situation wh...
Macroeconomics 11th Edition by Stephen Slavin
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