The U.S.has a balance of trade deficit when its
A) merchandise exports exceed its merchandise imports.
B) merchandise imports exceed its merchandise exports.
C) goods and services exports exceed its goods and services imports.
D) goods and services imports exceed its goods and services exports.

Question

Quizplus · Accepted Answer

A balance of trade deficit occurs when a country's imports exceed its exports, meaning it buys more from other countries than it sells to them.

The USHas a Balance of Trade Deficit When Its