Trade deficits always lead to future decreases in consumption if the trade deficits
A) support current investment.
B) support current consumption.
C) require borrowing from abroad.
D) support either current investment or current consumption.
B
Economics
You might also like to view...
Nations that borrow from abroad to support current consumption
A) will always be better off in the future. B) may sacrifice future consumption. C) will always sacrifice future consumption. D) will always sacrifice current consumption.
Economics
In an economy where firms in most industries are purely competitive firms, individual firms in each industry would produce ________ products and have a ________ share of industry output
A) differentiated; large B) differentiated; small C) standardized; large D) standardized; small
Economics