An increase in a nation's trade deficit occurs when that nation's exports rise and/or its imports fall.
Correct Answer:
Verified
Q17: What are the benefits and costs to
Q230: The U.S. balance of trade has been
Q231: If the yen price of dollars falls,
Q232: If people's incomes decrease, their demand for
Q233: The current account balance tabulates the value
Q234: A country's imports of goods minus its
Q236: A country's balance on current account will
Q238: An increase in the value of the
Q239: A weaker dollar will stimulate sales of
Q240: Other things being equal, an increase in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents