If the United States has a trade deficit,this means that

Name: If the United States has a trade deficit,this means that
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

A trade deficit means that a country is importing more goods and services than it is exporting, resulting in a negative trade balance. Option A is incorrect as it describes a trade surplus, where exports exceed imports. Option B is also incorrect as it refers to a situation of a balanced trade, where the economy produces enough to meet its consumption needs.

If the United States Has a Trade Deficit,this Means That