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Posted: November 6th, 2022
According to popular opinion, U.S. trade deficits indicate
According to popular opinion, U.S. trade deficits indicate any or all of the following: a lack of U.S. competitiveness owing to low productivity or low-quality products and/or lower wages, superior technology, and unfair trade practices by foreign countries. Which of these factors is likely to underlie the persistent U.S.trade deficits? Explain. (min 250 words)
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