2006-09-23 19:32:37 · 7 answers · asked by chris j 1 in Social Science ➔ Economics
Yes and no at the same time.
Yes the USA imports far more than it exports, hence the trade deficit.
But the bulk of the imports originate from USA owned companies in other countries, as an example the thousands of factories in the border with Mexico, the Ti's oriented companies in India etc.
This causes that the upper class in the USA still profits from those commodities, commodities produced at low wedges.
The backslash of this situation is that all those works are generated in other countries, increasing the gap between rich and poor in the USA.
2006-09-23 19:42:33 · answer #1 · answered by Abjurador 5 · 1⤊ 0⤋
It Exports
2016-12-14 14:39:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes. That's why our trade deficit is currently about $68 billion.
2006-09-23 19:40:26 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Yes. That is why we have a trade deficit.
2006-09-23 19:35:44 · answer #4 · answered by Lonnie P 7 · 0⤊ 1⤋
we do now since we gave up manufacturing and buy everything from china, korea, and japan
2006-09-23 19:34:44 · answer #5 · answered by Anonymous · 1⤊ 1⤋
where do you think half our money is going?
2006-09-23 19:50:09 · answer #6 · answered by nakita 6 · 0⤊ 0⤋
Yes, we do.
2006-09-23 19:39:59 · answer #7 · answered by Maggie Mae 3 · 0⤊ 1⤋