Research and analyze the US trade deficit. Answer the following questions.
How large is the US trade deficit (relative to GDP)? 4 Points
How has the trade deficit changed recently? Why? 4 Points
Do you expect this trend to continue? 4 Points
Is this trade deficit a bad thing or a good thing, and why? 4 Points
Describe what would happen if we implemented more trade protection (tariffs, quotas, VERs) 4 Points
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