Which of the following countries has a trade deficit?
A) An Asian country that does not engage in trade with other countries
B) A European country that has a higher total value of imports than exports
C) An African country that produces all products domestically
D) A North American country that exports goods but does not import goods

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country's imports exceed its exports, which is the situation described in option B.

Which of the Following Countries Has a Trade Deficit