A major reason for the U.S. trade deficit is that the United States has significant comparative advantages for a variety of products.

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country imports more goods and services than it exports, not because it has significant comparative advantages. Comparative advantages would typically lead to surpluses in the sectors where they exist, as the country would export more of those goods and services.

A Major Reason for the U