The trade deficits of the 1980s and 1990s reflects American desire for foreign
A) assets and foreign desire for American goods and services.
B) goods and services and foreign assets.
C) goods and services and foreign desire for American assets.
D) assets now and foreign goods and services in the future.
Correct Answer:
Verified
Q172: Which of the following is correct?
A)Current account
Q181: If the federal government has a deficit,
Q182: Economic theory shows that the current account
Q183: In an open economy, the government deficit
Q185: One of the principal factors behind the
Q187: Despite the elimination of the federal budget
Q189: In an open economy, the government deficit
Q191: How does a budget deficit lead to
Q193: Under a floating exchange rate system with
Q196: Figure 20-9
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