Description
In Chapter 10 of International economics, Carbaugh asks, “Can the United States Continue to Run Current Account Deficits Indefinitely?” (p.349).
Apply the same concepts to the EUs balance of payments.
Evaluate the sustainability of the EUs current level of balance of payments.
Discuss the benefits the United States has, given this unique position in the world economy, that would not apply to the EU, that may allow the United States to safely run persistent external deficits.
Discuss the potential that persistent U.S. deficits in the current and payments accounts can be adjusted without bringing about economic recession or crisis.
Explanation & Answer:
4 pages
Tags:
the US EU Trade Balances
Deficits of International Economics
account balance of payment
nations international transactions
Indefinite Current Account Deficit
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