The causes of the large U. S. trade deficits since 1997 include .
a. an increase in the saving...
Social Studies, 27.03.2020 23:16 joshuasanders7490
The causes of the large U. S. trade deficits since 1997 include .
a. an increase in the saving rate and an increase in exports to China.
b. increasing oil prices and increased imports by China.
c. an increase in imports resulting from economic growth and a decline in the saving rate.
d. economic growth in other nations has outpaced the United States and a decrease in the saving rate.
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