Multiple Choice
Which of the following statements is TRUE about the historical relationship between the trade deficits and government budget deficits?
A) There is no relationship between trade deficits and budget deficits.
B) There is a positive relationship between trade deficits and budget deficits.
C) There is a negative relationship between trade deficits and budget deficits.
D) A relationship exists only when there is a balanced budget.
Correct Answer:
Verified
Correct Answer:
Verified
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