If the United States Is Running Persistent Trade Deficits Now

question 3

Multiple Choice

If the United States is running persistent trade deficits now,

• A)it must make loans to the rest of world.
• B)it is expected to run trade surpluses at some point in the future.
• C)it is expected to run trade surpluses now.
• D)it must increase its money supply to buy imports.
• E)it must run a government budget deficit.

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Definitions:

Referent Power

is the influence one has over others based on their loyalty, respect, or admiration towards the person.

Expert Power

Influence or authority derived from the expertise, skills, or knowledge that a person has in a particular area.

Allocate Sufficient Resources

To distribute adequate amounts of resources or materials (such as time, money, or manpower) to complete tasks or achieve goals effectively.

Agreements Over Goals

The consensus or mutual understanding reached among members of a team or an organization regarding the objectives and targets to be achieved.