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Axel Wells
Advanced Placement (AP)
19 December, 16:26
Why is a growing trade deficit a concern?
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Simone Moses
19 December, 16:55
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Answer: First we must identify what a trade deficit is. It is when a country imports more than it exports. Without the regulation of tariffs, this can devalue the manufacturing industry for a country/nation, as well as cause economic problems.
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