Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following countries or regions? Group of answer choices Asian and Pacific rim countries excluding China Europe China Africa

Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following countries or regions? Group of answer choices Asian and Pacific rim countries excluding China Europe China Africa

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Since the 2000s, U.S. trade deficit in goods has increased the most with which of the following countries or regions?

Group of answer choices

Asian and Pacific rim countries excluding China

Europe

China

Africa

Definition Definition Situation in which a country spends more on imports than it makes through exports. When a trade deficit exists, net exports will be negative. Trade Deficit = (Imports) - (Exports)

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