Two of the implications of large U.S. trade deficits for the United States are:

A. decreased current consumption and decreased indebtedness to foreigners.
B. reduced budget deficits and decreased indebtedness to foreigners.
C. reduced current consumption and higher saving.
D. increased current consumption and increased indebtedness to foreigners.

D. increased current consumption and increased indebtedness to foreigners.

Economics

You might also like to view...

Why might improvements in children's public health care services lower fertility?

What will be an ideal response?

Economics

Because it is a unit of account, money

A) increases transaction costs. B) reduces the number of prices that need to be calculated. C) does not earn interest. D) discourages specialization.

Economics