United states has absolute advantage over many countries in, Ask an Expert

Economics

United States has absolute advantage over many countries in production of most goods and services. Yet, the country is running the record trade deficit year after year. The current trade deficit is about six percent of the country's GDP. Is it a problem? Why or why not?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9748229

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