Question

In light of persistent ____________, growing ____________ and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to_________ trade.

Answer 1

Answer:

The answer is:

Trade deficit;

Foreign Direct Investment;

Restrict.

Explanation:

In light of persistent TRADE DEFICIT , growing FOREIGN DIRECT INVESTMENT and the tendency by some firms and industries to seek legislative redress for failures in the marketplace, the US Congress in the past two decades has increasingly been willing to provide the president with more powers to RESTRICT trade.

Trade deficit occurs when a country import more goods than what she is exporting. Trade deficit makes infant industries im the home country less competitive.

Foreign Direct Investment is the ownership of business in another country.

Restricting trade can makes home infant industries more competitive.