Asked by Michelle McDade on Jul 09, 2024
Verified
The big increase in the U.S.trade deficit in the mid-1970s was mainly due to __________.
Trade Deficit
An economic circumstance where the amount a country spends on importing goods and services exceeds the amount it earns from exporting them.
- Assess the influence of trade balances on national economic structures.
- Appraise the impact of cross-border trade on home economy indices.
Verified Answer
AT
Learning Objectives
- Assess the influence of trade balances on national economic structures.
- Appraise the impact of cross-border trade on home economy indices.
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