Multiple Choice
The U.S.trade deficits of the 1980s and 1990s may represent a problem because they will require
A) higher consumption in the future in order to increase imports.
B) lower consumption in the future in order to repay interest and principal to foreigners.
C) lower consumption in the future in order to finance increased investment.
D) higher budget deficits in the future in order to increase the trade surplus.
Correct Answer:
Verified
Correct Answer:
Verified
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