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What is the economic theory suggesting that rising federal spending on US health care costs will hurt our international trade balance? Question 27 options: By
What is the economic theory suggesting that rising federal spending on US health care costs will hurt our international trade balance? Question 27 options: By funding more research and paying for prescription medications, the government is funneling US tax follars into R&D which leads to more new drugs and treatments. Meanwhile other countries place price limits on the same drugs so effectively, they get them at generic prices and the USA provides free research for the world's benefit. More international students will attend US medical schools and nursing schools to try and get jobs in this country. These students will send money back to their home countries once they start working and that money will leave our US economy. Government deficit spending to cover Medicare, etc requires borrowing which makes dollars more valuable to people loaning money to government. This makes American goods look more expensive internationally since they are sold for dollars. Globally Supply is far greater than Demand, but domestically, the opposite is apposite. This dilemma leads to instability and insecurity which is why siths always travel in pairs, and only a sith speaks in absolutes
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