Discuss how the balance of payments can influence exchange rates and purchasing power

Politicians often warn about problems associated with the U.S. trade deficit. For this discussion, cordially debate whether the U.S. should be concerned about the trade deficit.

For your initial post, first discuss how the balance of payments can influence exchange rates and purchasing power. Then take a position either for or against trade deficits. In your position, address the pros or cons of the U.S. trade deficits.

Your initial response should be a minimum of 200 words. one scholarly and credible resource

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