Answering Exams

The argument that U.S current account deficits cause net job losses for Americans ?

The argument that U.S current account deficits cause net job losses for Americans ?

A. is true by definition in all possible circumstances
B. is supported by recent U.S history
C. focuses only on the overall economy and is thus always true
D. fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending. (Correct)

 

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