Chapter 2: Problem 3
The United States has never been a great international trader. It found most of its raw materials and customers for finished products within its own borders. The terrible consequences of this situation have become apparent, as this country now owes the largest foreign debt in the world and is a playground for wealthy foreign investors. The moral is clear: a country can no more live without foreign trade than a dog can live by eating its own tail. In order to advance her point of view, the author does each of the following EXCEPT (A) draw on an analogy (B) appeal to historical fact (C) identify a cause and an effect (D) suggest a cause of the current economic situation (E) question the ethical basis of an economic situation
Short Answer
Step by step solution
Key Concepts
These are the key concepts you need to understand to accurately answer the question.