Which of the following is NOT one of the common explanations given for the U.S.trade deficit?

Question

Quizplus · Accepted Answer

High U.S. income tax rates compared to other countries is not a common explanation for the U.S. trade deficit. The commonly cited explanations are that other countries subsidize their exports, the U.S. government has a large budget deficit, and the U.S. is a wealthy, stable country that attracts loans from other countries.

Which of the Following Is NOT One of the Common