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Unformatted text preview: the import of goods for other countries GNP. 2. I agree that import restrictions necessariy reduces a US current account deficit because higher US barriers will make it harder for others countries to export to US. The US can protect their own market, so the private saving will increase. On the other hand, the domestic investment will decrease because lower investment, therefore the government deficit decrease....
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This note was uploaded on 04/17/2008 for the course EC 480 taught by Professor Nicolas during the Spring '08 term at University of Oregon.
- Spring '08