Answer the below question/topic using a U.S. perspective. 500+ words + citations. Use the following ebook URL.
download_file=367190&order=wc_order_mWKH64FsdLJfx&uid=69b93f3e48f9ab22c60bdd4dbcb958ac2f66045f9
e300-45eb-b732-f514eeb75436 …. Can also the following news articles….
https://bea.gov/newsreleases/international/transactions/transnewsrelease.htm
https://www.forbes.com/sites/timworstall/2016/12/16/apples-service-exports-mystery-and-why-the-trade-deficit-sim
https://www.forbes.com/sites/nathanlewis/2020/07/10/modern-monetary-theory-goes-mainstream/#529d6fb221e5
Topics/Questions
After reviewing the most current data for the U.S. Balance of Payments and its Balance of Trade, please give you
How dangerous is for the U.S. to run a trade deficit?
Does the size of the deficit matter?
Is the deficit balanced by any surplus in the Balance of Payments, presently or in the foreseeable future?
What could the Government or Private Enterprises do to maintain a competitive hedge for the U.S. Economy?