ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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U.S. tariffs
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U.S. exports
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U.S. imports
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U.S. free traders
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Detailed explanation-1: -A country has a trade deficit when the value of its imports exceeds the value of its exports.
Detailed explanation-2: -How Did NAFTA Work? Among its three member nations, NAFTA eliminated tariffs and other trade barriers to agricultural and manufactured goods, along with services. It also removed investment restrictions and protected intellectual property rights.
Detailed explanation-3: -Which of these is an economic benefit of tariffs on goods imported into the United States? United States businesses will have less competition from foreign companies.
Detailed explanation-4: -Interest and inflation rates. Inflation is the rate at which the cost of goods and services rises over time. Current account deficits. Government debt. Terms of trade. Economic performance. Recession. Speculation. 06-Sept-2022