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U.S. Trade Deficit

Introduction of a Deficit
The very word “deficit” carries with it a heavy, negative connotation. A deficit is an indication that something of perceived value is lacking. Merriam Webster defines a deficit several ways: (1) “a deficiency in amount or quality;” (2) “a lack or impairment in a functional capacity;” (3) “a disadvantage;” (4) “an excess of expenditure over revenue;” and (5) “a loss in business operations.”
Given these definitions, it is no wonder that the topic of the U.S. trade deficit emanates a picture of doom and gloom for many U.S. officials. A U.S. trade deficit occurs when the cost of imports exceeds the earnings from exports; or in simpler terms, the United States as a whole is buying more than it is selling. However, in the realm of international trade, the key word is ‘trade’. While some may view the trade deficit as a series of irresponsible and lopsided monetary transactions, the ‘trade’ goes well beyond the simple......


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Approximate Word Count: 1291
Approximate Pages: 6 (250 words per double-spaced page)

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