THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT RONALD REAGANS FOREIGN POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The United States has had a trade deficit over the past two decades because the nation:
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Imposed protective tariffs on imports
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Placed high taxes on exports
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Refused to enter international tree trade agreements
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Imported more goods than it exported
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Explanation:
Detailed explanation-1: -The most significant cause of the trade deficit is the low rate of U.S. domestic savings by households, firms, and the government relative to its investment needs. To make up for that shortfall, Americans must borrow from countries abroad (such as China) with excess savings.
Detailed explanation-2: -Why America Imports So Much. Although America can produce all it needs, China, Mexico, and other emerging market countries can produce it for less. Their cost of living is lower, which allows them to pay their workers less. Thus, they are better at producing what U.S. consumers want than American companies could.
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