This power was written in Article 3 of the Constitution. ... The advantages of separating the branches of power are that no one party can be fully in charge of America. ... Other disadvantages are: the state courts have to follow the national law and keep the Constitution in mind when judging upon the people.
The most important economic truth to grasp about the U.S. trade deficit is that it has virtually nothing to do with trade policy. A nationâs trade deficit is determined by the flow of investment funds into or out of the country. And those flows are determined by how much the people of a nation save and invest - two variables that are only marginally affected by trade policy.
In turn, this trade deficit can be traced back to the rise in the value of the dollar that began in the second half of 1997. As the dollar rose, U.S. demand for imports was spurred by falling import prices, while foreign demand for U.S. exports was dampened by rising export prices. The result was a merchandise trade deficit equal to 5.2% of GDP in the third quarter of 2004, an increase of 4% of GDP since the beginning of 1997.