When the United States imports goods and services from the rest of the world,

Question

Quizplus · Accepted Answer

When the United States imports goods and services from the rest of the world, we make payments to the rest of the world. This is because we are purchasing goods or services produced in other countries and paying for them with our own currency. This can lead to a trade deficit, which means that we are importing more than we are exporting and therefore making more payments to the rest of the world than we are receiving.

When the United States Imports Goods and Services from the Rest