Question

To illustrate interrelationships among different segments of the general environment: The persistence of large U.S. trade deficits (__________) has led to greater demand for protectionist measures, such as trade barriers and quotas (__________). These measures lead to higher prices for U.S. consumers and fuel inflation (__________).

1) macroeconomic, sociocultural, political/legal
2) macroeconomic, political/legal, economic
3) macroeconomic, technological, economic
4) macroeconomic, global, economic

Answer 1

The persistence of large U.S. trade deficits leads to greater demand for protectionist measures like trade barriers and quotas, resulting in higher prices for U.S. consumers and fueling inflation.

Step-by-step explanation:

The persistence of large U.S. trade deficits is a macroeconomic factor that influences the demand for protectionist measures, such as trade barriers and quotas, which are political/legal measures. These protectionist measures lead to higher prices for U.S. consumers and fuel inflation, ultimately impacting the economy.