Take the following as truth: In any event, foolishly excessive trade surpluses are a greater danger than foolishly excessive trade deficits . That's because excessive trade deficits are self- If you run a trade deficit every year, bankruptcy will eventually force you to stop.
Then the following statement: "You don't have to worry about becoming bankrupt by having massive trade deficits." is true, false, or inconclusive?
Answer: False