Recall Application 2, "World Savings and the U.S. Current Account Deficits," to answer the following questions:
-According to the application, the U.S. can continue having current account deficits only because:
A) other countries choose to buy U.S. patents.
B) other countries choose to sell foreign patents.
C) other countries choose to purchase U.S. assets.
D) other countries choose to sell foreign assets.
Correct Answer:
Verified
Q40: Q41: An increase in U.S. exports to Russia Q42: Recall Application 4, "The Argentine Financial Crisis," Q43: Since reaching a high in July 2008, Q44: The Mexican financial crisis of 1994 did Q46: Recall Application 1, "The Chinese Yuan and Q47: The real exchange rate is the: Q48: The law of one price indicates that Q49: Suppose a pound of dry roasted coffee Q50: In the supply and demand for U.S.
A) the
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