Present consumption supported by large trade deficits may come at the expense of

A) permanent debt to foreign interests.
B) permanent foreign ownership of formerly U.S.-owned assets.
C) large sacrifices of future consumption.
D) all of these.

Trade Deficits

A situation where a country's imports of goods and services exceed its exports.

Present Consumption

The act of using goods and services for immediate needs or desires, rather than saving or investing for future use.

Future Consumption

Planning or saving for the purchase of goods and services in the future, often involving trade-offs between current and future spending.