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Factors likely to underlie the persistent U.S. trade deficit

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According to popular opinion, U.S. trade deficits indicate any or all of the following: a lack of U.S. competitiveness owing to low productivity or low-quality products and/or lower wages, superior technology, and unfair trade practices by foreign countries. Which of these factors is likely to underlie the persistent U.S. trade deficits. Explain.

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This posting gives the solution to the student's question. The factors likely to underlie the persistent United States trade deficit is determined.

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None of these factors underlie the persistent U.S. trade deficits. For example, ...

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