High School

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 :

Final answer:

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.

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.

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