Here is the synopsis of our sample research paper on Discussion of the United States Trade Deficit. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This is a 7 page paper which dicusses the widening U.S. trade deficit.
The bibliography has 6 sources.
Page Count:
7 pages (~225 words per page)
File: D0_JHDisc.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
are a part of the balance of payments which is also comprised by additional transactions that include the particular countrys international investment position. If a country has a positive balance
of trade then that particular country is in a position of exporting more than it imports and is said to have a trade surplus. When a country imports more
than it exports, the country is said to have a gap in trade or a trade deficit. Some economists believe that large trade surpluses or large trade deficits may
at times be a sign of other potential economic problems. Balances of trade can be affected by several factors which include the prices of good which are manufactured in the
home country, the current exchange rates, trade agreements and/or barriers and other taxes, tariffs and trade measures (Balance of trade, 2006). The consideration of a countrys trade deficit has been
the subject of one of the oldest debates in economics. In the 17th and 18th century, the mercantilist approach dominated the thinking and led to the concept that nations
needed to accumulate gold (Griswold, 1998). Nations were able to accumulate wealth, either in the form of gold or silver, by exporting more than they imported. The
accumulation of this type of wealth guaranteed that a country could wage war if it was necessary. As would be expected, this concept of wanting to run with
a positive balance of trade led to many protectionist measures and subsidies on exports. Before 1800, high tariffs and complete bans on some imports were the rule in many
European nations (Griswold, 1998). UNITED STATES BALANCE OF TRADE The United States trade deficit is at an all time high by historical standards. There are those
...