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Balance of Trade; Trade Deficit and Trade Surplus
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Balance of Trade; Trade Deficit and Trade Surplus
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22. Balance of Payments / Balance of Trade; Trade Deficit and Trade Surplus / Problem 9
Problem 9
What are the potential economic impacts of the United States' persistent trade deficit?
A
Increased national debt and dependency on foreign creditors.
B
Improved trade relations with major trading partners.
C
Higher domestic production and employment rates.
D
Decreased national debt and increased domestic savings.
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