The sharp decrease in net exports over the past decade is due to
A) a dramatic increase in the U.S. trade deficit with Japan.
B) a dramatic increase in the U.S. trade deficit with Germany.
C) a dramatic increase in the U.S. trade deficit with China.
D) a dramatic increase in the U.S. trade deficit with Canada.
E) both a and c.
Correct Answer:
Verified
Q1: We say that the terms of trade
Q2: The trajectory of the weighted exchange rate
Q3: Suppose that i) the dollar depreciated, ii)
Q4: Suppose that the United States were to
Q5: Purchasing power parity does not hold up
Q7: Changes in the real exchange rate
A) reflect
Q8: The relative prices of U.S. goods sold
Q9: Assuming the usual relationship between the real
Q10: Net exports for the United States
A) were
Q11: Which of the following could serve
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