Q2. Consider the following statements regarding the economic implications of a trade deficit: 1. A country running a trade deficit is a net borrower from the rest of the world. 2. The existence of a trade deficit unequivocally signifies a weak and uncompetitive domestic economy. 3. A persistent trade deficit invariably leads to the depreciation of the domestic currency in the forex market. How many of the above statements are correct? A) Only one B) Only two C) All three D) None