Explain the statement.

Question

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Answer 1

Question

Chapter 21, Problem 1DQ

To determine

Explain the statement.

Expert Solution & Answer

Explanation of Solution

Trade deficit is the situation of the value of import exceeds the value of export of a country. The trade deficit is causes to balance of payment problem, negative effect on foreign exchange and total nation’s decline. In the given statement it is mentioned that, trade deficit is sometimes cited as the prime example of American decline, but in reality trade deficit always leads to the decline of the nation. Thus, it is always one of the prime example of American decline.

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Answer 2

Question

Chapter 21, Problem 1DQ

To determine

Explain the statement.

Expert Solution & Answer

Explanation of Solution

Trade deficit is the situation of the value of import exceeds the value of export of a country. The trade deficit is causes to balance of payment problem, negative effect on foreign exchange and total nation’s decline. In the given statement it is mentioned that, trade deficit is sometimes cited as the prime example of American decline, but in reality trade deficit always leads to the decline of the nation. Thus, it is always one of the prime example of American decline.

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Answer 3

Question

Chapter 21, Problem 1DQ

To determine

Explain the statement.

Expert Solution & Answer

Explanation of Solution

Trade deficit is the situation of the value of import exceeds the value of export of a country. The trade deficit is causes to balance of payment problem, negative effect on foreign exchange and total nation’s decline. In the given statement it is mentioned that, trade deficit is sometimes cited as the prime example of American decline, but in reality trade deficit always leads to the decline of the nation. Thus, it is always one of the prime example of American decline.

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Answer 4

Question

Chapter 21, Problem 1DQ

To determine

Explain the statement.

Expert Solution & Answer

Explanation of Solution

Trade deficit is the situation of the value of import exceeds the value of export of a country. The trade deficit is causes to balance of payment problem, negative effect on foreign exchange and total nation’s decline. In the given statement it is mentioned that, trade deficit is sometimes cited as the prime example of American decline, but in reality trade deficit always leads to the decline of the nation. Thus, it is always one of the prime example of American decline.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 21, Problem 1DQ

To determine

Explain the statement.

Expert Solution & Answer

Explanation of Solution

Trade deficit is the situation of the value of import exceeds the value of export of a country. The trade deficit is causes to balance of payment problem, negative effect on foreign exchange and total nation’s decline. In the given statement it is mentioned that, trade deficit is sometimes cited as the prime example of American decline, but in reality trade deficit always leads to the decline of the nation. Thus, it is always one of the prime example of American decline.

Answer 6

Chapter 21, Problem 1DQ

To determine

Explain the statement.

Expert Solution & Answer

Explanation of Solution

Trade deficit is the situation of the value of import exceeds the value of export of a country. The trade deficit is causes to balance of payment problem, negative effect on foreign exchange and total nation’s decline. In the given statement it is mentioned that, trade deficit is sometimes cited as the prime example of American decline, but in reality trade deficit always leads to the decline of the nation. Thus, it is always one of the prime example of American decline.

Answer 7

Chapter 21, Problem 1DQ

To determine

Explain the statement.

Answer 8

Expert Solution & Answer

Explanation of Solution

Trade deficit is the situation of the value of import exceeds the value of export of a country. The trade deficit is causes to balance of payment problem, negative effect on foreign exchange and total nation’s decline. In the given statement it is mentioned that, trade deficit is sometimes cited as the prime example of American decline, but in reality trade deficit always leads to the decline of the nation. Thus, it is always one of the prime example of American decline.