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The Fact That the United States Has a Trade Deficit

Question 61

Multiple Choice

The fact that the United States has a trade deficit means that:


A) the United States is producing more than it is consuming.
B) foreign countries can have comparative advantages in all goods.
C) foreign countries can have comparative advantages in more goods compared to the United States.
D) the United States is lending more to foreign countries than it is borrowing from foreign countries.

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