If the United States is running persistent trade deficits now,
A) it must make loans to the rest of world.
B) it is expected to run trade surpluses at some point in the future.
C) it is expected to run trade surpluses now.
D) it must increase its money supply to buy imports.
E) it must run a government budget deficit.
Correct Answer:
Verified
Q17: With trade,
A)an economy can realize higher welfare.
B)an
Q18: Prior to 1975,the United States had:
A)balanced trade.
B)a
Q19: About _ percent of the U.S.GDP is
Q20: Over time,international trade enables an economy to:
A)run
Q21: Q23: Intertemporal trade deficits and surpluses reflect: 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![]()
A)international borrowing.
B)international