If the United States has a trade deficit,this means that
A)Exports exceed imports.
B)The U.S.economy produces more than it consumes.
C)The trade balance is negative.
D)Trade activity is limited to just a few goods.

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, exports exceeding imports, would indicate a trade surplus. Option B suggests a surplus in goods, not trade, and option D is not related to the concept of a trade deficit.

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