Question

In: Economics

Is having a trade deficit necessarily bad for the United States? Explain your answer.

Is having a trade deficit necessarily bad for the United States? Explain your answer.

Solutions

Expert Solution

Rahul Sunny answered 8 months ago
Next > < Previous

Related Solutions

Is having a trade deficit necessarily bad for the United States?
Is having a trade deficit necessarily bad for the United States?
Trade balance: a) Is trade deficit always a bad thing? Explain you answer in details. Support...
Trade balance: a) Is trade deficit always a bad thing? Explain you answer in details. Support your argument with an example. b) Assume that government provides export subsidies to encourage the export of goods. Will this policy result into an improved trade balance in the long run? Why? Why not? (hint: think about the effect this policy has on real exchange rate)
It is sometimes said that a balance of trade deficit between the United States and other...
It is sometimes said that a balance of trade deficit between the United States and other nations can be harmful to the economic wellbeing of America. Explain what is the “balance of trade.” What does a “trade deficit” or a “trade surplus” mean? Why do some people say a trade deficit is “bad” and a trade surplus is “good”? Many economists reply to these arguments that, at the end of the day, it does no “harm” for a country to...
The United States has a trade deficit. In 2019, international trade subtracted $576.8 billion from GDP....
The United States has a trade deficit. In 2019, international trade subtracted $576.8 billion from GDP. Data on America’s import and export components show that goods and services purchased by the nation outweigh those which it sells on the global marketplace. The deficit has lowered because of the trade war initiated by President Donald Trump in March 2018. Trump's protectionist measures included a 25% tariff on steel imports and a 10% tariff on aluminum. China, the European Union, Mexico, and...
3. Is being in a trade deficit a bad thing, and why? What does it explain...
3. Is being in a trade deficit a bad thing, and why? What does it explain about the macroeconomy if a country is in a trade deficit?
are wages in the United States increasing or decreasing explain your answer
are wages in the United States increasing or decreasing explain your answer
The United States has experienced a large trade deficit in recent years. Analyze the implications of...
The United States has experienced a large trade deficit in recent years. Analyze the implications of a growing trade deficit on the future growth of the United States USE CITATION
Please include J-Curve in your answer. The government budget deficit and the trade deficit are often...
Please include J-Curve in your answer. The government budget deficit and the trade deficit are often called the "twin deficits." Explain why this name applies, and why it is not always accurate.
Some economists are not worried about the record current account deficit of the United States. Explain...
Some economists are not worried about the record current account deficit of the United States. Explain why that might be the case. Compare it with the situation of countries like Mexico and Brazil in the 80s and 90s. Please provide a full answer.
Why is abortion such a "hot button" issue in the United States and not necessarily so...
Why is abortion such a "hot button" issue in the United States and not necessarily so controversial in other countries
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT