For unfair trade to be a reasonable explanation for the U.S.trade deficit then it is reasonable that
A) Foreign countries must have simultaneously increased trade protection in 1982.
B) U.S. manufacturing must have experienced a sharp decline in the years preceding 1982.
C) Foreign interest rates must have decreased the value of the U.S. dollar in 1982.
D) Foreign countries must have simultaneously reduced trade protection in 1982.

Question

Quizplus · Accepted Answer

For unfair trade to be a reasonable explanation for the U.S. trade deficit, it implies that foreign countries increased trade barriers against U.S. goods, making it harder for the U.S. to export, thus contributing to a trade deficit.

For Unfair Trade to Be a Reasonable Explanation for the U.S.trade