Other things remaining constant, higher trade deficits in the U.S. will lead to:O a. an increase in domestic savings in the U.S.O b. U.S citizens buying greater foreign securities.c. an increase in funds from abroad.d. a decrease in the demand for U.S. dollars.e. an increase in the standard of living of the U.S residents.

Trade Deficit: Trade deficit is the term generally used to describe the gap between the import and…

Other things remaining constant, higher trade deficits in the U.S. will lead to: a. an increase in domestic savings in the U.S. O b. U.S citizens buying greater foreign securities. O c.an increase in funds from abroad. d. a decrease in the demand for U.S. dollars. O e. an increase in the standard of living of the U.S residents.

Other things remaining constant, higher trade deficits in the U.S. will lead to: a. an increase in domestic savings in the U.S. O b. U.S citizens buying greater foreign securities. O c.an increase in funds from abroad. d. a decrease in the demand for U.S. dollars. O e. an increase in the standard of living of the U.S residents.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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