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Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538 Exercise 5
Several members of Congress have been highly critical of Japan and China because U.S. imports from these countries have persistently been substantially greater than our exports to them.
a. Under a flexible exchange rate system, is there any reason to expect that the imports from a given country will tend to equal the exports to that country?
b. Can you think of any reason why the United States might persistently run a trade deficit with these countries?
a. Under a flexible exchange rate system, is there any reason to expect that the imports from a given country will tend to equal the exports to that country?
b. Can you think of any reason why the United States might persistently run a trade deficit with these countries?
Explanation
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Verified
a. The exchange rate is the price of for...
Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
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