Nobel Laureate Robert Solow once jokingly noted, I have a chronic [trade] deficit with my barber, who

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Nobel Laureate Robert Solow once jokingly noted, “I have a chronic [trade] deficit with my barber, who doesn’t buy a darned thing from me.” Is this a problem? Why or why not?

How does this relate to the U.S.-China, U.S.-Mexico, and U.S.-Japan trade deficits? lop8

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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