Question

A trade deficit is when the value of a country's imports exceeds the value of its exports. The U.S. trade deficit has

increased in recent decades.

Which choices below show effects of this pattern? Select all the correct answers.

A a decrease in manufacturing jobs and closing of plants

B a decrease in global communication

c a shift toward service industries

D outsourcing of jobs

E all parts of American automobiles are made in the U.S.

Answer 1

A, C, and D

Step-by-step explanation:

A - A decrease in manufacturing jobs and closing of plants can occur due to the increased imports of cheaper goods that can be produced more cost-effectively in other countries.

C - A shift toward service industries can occur as the U.S. may become more reliant on exporting services and intellectual property rather than manufactured goods.

D - Outsourcing of jobs can occur as companies seek to cut costs by moving their operations overseas to take advantage of cheaper labor and materials.