Would you worry about a trade deficit with one country? Why or
why not? How would...
50.1K
Verified Solution
Link Copied!
Question
Economics
Would you worry about a trade deficit with one country? Why orwhy not? How would a trade deficit with the rest of the world bedifferent?
Answer & Explanation
Solved by verified expert
4.3 Ratings (657 Votes)
When value of exports fall short of the value of importswe have a trade deficit When we have trade deficit with one nationthere is no need to worry much Following are the reasons The volume of deficit wont be really high compared to having a trade deficit with all countries Special attention can be paid to do
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!