BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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has a large trade deficit.
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has a surplus of goods.
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has no trade deficit.
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takes advantage of child labor.
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Detailed explanation-1: -Put simply, the U.S. global trade deficit reflects that the United States consumes more than it produces and imports more than it exports. Most economists argue that the trade deficit stems largely from U.S. macroeconomic policies, primarily an imbalance between domestic savings and total investment in the economy.
Detailed explanation-2: -A trade deficit is an economic condition that occurs when a country is importing more goods than it is exporting. The trade deficit is calculated by taking the value of goods being imported and subtracting it by the value of goods being exported.
Detailed explanation-3: -The trade deficit in the US widened to $67.4 billion in December 2022 from a downwardly revised $61 billion in November which was the lowest since September 2020.