Why is a trade deficit a sign of economic weakness, Microeconomics

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Why is a trade deficit a sign of economic weakness

Problem

1. Tariffs reduce the volume of imports. Do tariffs also reduce the volume of exports? Explain your response.

2. Is a trade deficit a sign of economic weakness? Why or why not?

3. Which nations are the three largest trading partners of the United States?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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