In 2011 the U

question 84

Short Answer

In 2011 the U.S. began with a trade deficit. During the year exports rose by more than imports. What should have happened to the U.S. trade deficit?

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Definitions:

Common-law Courts

are courts that base their decisions on the principles and traditions of common law, which is law developed through court decisions over time, as opposed to statutory laws.

Bodies of Law

The collective set of laws, regulations, and legal principles that govern a specific area or country.

Subordinate Legislation

Rules and regulations made by an executive authority under powers given to them by an Act of Parliament.

Municipal Bylaws

Laws or regulations enacted by a municipality or a city council to govern the local affairs with specific regulations on zoning, safety, and conduct within the jurisdiction.