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Why was the U.S. Trade imbalance with China so fast and growing in the last 3 years?
Question in macroeconomics
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- Anonymous2 decades agoFavorite Answer
Part of it has to due with their huge population. A lot of jobs have been outsourced to China because they can make it cheaper because they don't have things like a minimum wage like America. Therefore they can always "find someone else" to fill a job.
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