The Large Trade Deficits in the U

question 103

True/False

The large trade deficits in the U.S. during the 1990's were primarily associated with a rise in domestic investment spending rather than a rise in the budget deficit.

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Definitions:

Melting-pot View

The perspective that different cultures, peoples, or societies blend together into a single, homogeneous culture, losing their individual identities.

Multicultural View

An approach or perspective that recognizes, respects, and values diversity in culture, ethnicity, and identity among individuals within a society.

Integration

The process of combining or incorporating parts into a whole, often used in the contexts of social inclusion and the combination of different societal groups.

Assimilation

The process by which a person or group acquires the social and psychological characteristics of another group.