Question: Nobel Laureate Robert Solow once jokingly noted, I have a chronic [trade] deficit with my barber, who doesnt buy a darned thing from me. Is

Nobel Laureate Robert Solow once jokingly noted, “I have a chronic [trade] deficit with my barber, who doesn’t buy a darned thing from me.” Is this a problem? Why or why not? How does this relate to the U.S.–China, U.S.–Mexico, and U.S.–Japan trade deficits?

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No its not a problem for Solow He runs a surplus with some people MIT his employ... View full answer

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