Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The United States has been able to run international trade deficits, year after year, because Group of answer choices foreigners from around the world have
The United States has been able to run international trade deficits, year after year, because Group of answer choices foreigners from around the world have been willing to lend to us, and to purchase our financial and physical assets, year after year. the quality of U.S.-produced goods has been persistently higher than the quality of comparable foreign-produced goods. the United States has a large line of credit from the International Monetary Fund, and it has been increasing its debt to the Fund year after year. the Federal Reserve System has lent large amounts of newly created money to U.S. importers, year after year. wage rates in foreign countries have consistently been lower than U.S. wage rates
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started