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ECO 202 WK 4 Discussion: How is the U.S. Budget Deficit Related to the Foreign trade Deficit?
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?
ECO 202 W4 Discussion board Studentâ€™s Name University Affiliation * How is the U.S. budget deficit related to the foreign trade deficit? The trade deficit is the money that all the foreign states made as profit from their sales in the American market and the states have not spent the money on buying from the American market. Therefore, the states are keeping the money in