A trade deficit occurs when a nation imports more than it exports.

Name: A trade deficit occurs when a nation imports more than it exports.
Brand: Quizplus
Rating: 4.7 (28 reviews)

Question

Quizplus · Accepted Answer

A trade deficit occurs when the value of a country's imports exceeds the value of its exports. This means that the country is buying more goods and services from other countries than it is selling. The opposite of a trade deficit is a trade surplus, which occurs when a country's exports exceed its imports.

A Trade Deficit Occurs When a Nation Imports More Than