Which of the following might you believe if you say that "it's their fault" that the United States runs a trade deficit?
A) Other countries have used nontariff barriers to keep out U.S. exports.
B) U.S. manufacturers are incompetent and unable to compete with foreign producers.
C) American consumers borrow too much to buy imported goods like cars and electronics.
D) The United States is a successful rich economy that can afford a lot of imports.
Correct Answer:
Verified
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