If the United States had negative net exports,it
A)sold more abroad than it purchased abroad and has a trade surplus.
B)sold more abroad than it purchased abroad and has a trade deficit.
C)bought more abroad than it sold abroad and had a trade surplus.
D)bought more abroad than it sold abroad and had a trade deficit.

Question

Quizplus · Accepted Answer

Negative net exports mean that the country is buying more goods and services from other countries than it is selling to them. This results in a trade deficit. Therefore, the correct choice is (D) - bought more abroad than it sold abroad and had a trade deficit.

If the United States Had Negative Net Exports,it