Us budget deficit related to the foreign trade deficit

Reference no: EM13795046

Using some of the concepts you learned from the module, discuss the questions below:

a. How is the U.S. budget deficit related to the foreign trade deficit?

b. Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What's wrong with this argument? Are there ever any reasons to support such trade restrictions?

Reference no: EM13795046

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