Author Question: Why is the U.S. trade deficit almost always larger than the U.S. current account deficit? What ... (Read 70 times)

awywial

  • Hero Member
  • *****
  • Posts: 577
Why is the U.S. trade deficit almost always larger than the U.S. current account deficit?
 
  What will be an ideal response?

Question 2

Refer to Figure 27-3. In the graph above, suppose the economy is initially at point A. The movement of the economy to point B as shown in the graph illustrates the effect of which of the following policy actions by Congress and the president?
 
  A) a decrease in government purchases B) a decrease in income taxes
  C) a decrease in interest rates D) an increase in the money supply



Athena23

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

The U.S. trade deficit is almost always larger than the U.S. current account deficit because the United States usually runs a surplus on the balance of services.

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library