If the value of goods and services that Spain purchases from the United Kingdom is less than the value of goods and services that the United Kingdom purchases from Spain, then the United Kingdom has
A)positive net exports and a trade surplus with Spain.
B)positive net exports and a trade deficit with Spain.
C)negative net exports and a trade surplus with Spain.
D)negative net exports and a trade deficit with Spain.

Question

Quizplus · Accepted Answer

The United Kingdom has negative net exports and a trade deficit with Spain because it imports more from Spain than it exports to Spain.

If the Value of Goods and Services That Spain Purchases