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Can the beast be tamed? America's monster trade gap

Read the article Trade Deficit in U.S. Unexpectedly Widens to $53.1 Billion and then answer the questions below. You can either read the article in the window below or you can follow the previous link to read the article in a separate window.


Question 1

Explain the factors that may have caused the rapid growth in America's trade gap.

Question 2

Identify the policies are available to the US government to try to close the trade gap? Assess how viable each of these policies may be in current circumstances.

Question 3

Discuss the implications for the rest of the world economy of the US taking significant action to close their trade gap.