A ________ occurs when a country's imports exceed its exports.
A) fiscal deficit
B) budget surplus
C) trade surplus
D) trade deficit

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country is importing more goods and services than it is exporting. This means that it is spending more on foreign goods and services than it is earning from exports, which can have an impact on the country's trade balance and economy.

A ________ Occurs When a Country's Imports Exceed Its Exports