Some experts believe a deficit is harmful. Some do not. The US has run a large trade deficit for many years.Do you think it is harmful...or not? What do you think the longer term consequences are? Also in 2014 the deficit was reported as a seven year low point. Why do you think that occurred? What is the likely outcome of the current 2016 "strong dollar" and an even stronger dollar after the recent "Brexit
Some experts believe a deficit is harmful. Some do not. The US has run a large trade deficit for many years.Do you think it is harmful...or not? What do you think the longer term consequences are? Also in 2014 the deficit was reported as a seven year low point. Why do you think that occurred? What is the likely outcome of the current 2016 "strong dollar" and an even stronger dollar after the recent "Brexit
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Some experts believe a deficit is harmful. Some do not. The US has run a large trade deficit for many years.Do you think it is harmful...or not? What do you think the longer term consequences are? Also in 2014 the deficit was reported as a seven year low point. Why do you think that occurred? What is the likely outcome of the current 2016 "strong dollar" and an even stronger dollar after the recent "Brexit
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A country is said to have a trade deficit when the value of its imports is greater than that of the value of its exports. Trade deficits can be damaging but they also bring in economic benefits.
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