A trade _____ occurs when the total value of a country's imports is more than its exports.
A) deficit
B) surplus
C) overload
D) credit

Name: A trade _____ occurs when the total value of a country's imports is more than its exports. A) deficit B) surplus C) overload D) credit
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Question

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A trade deficit occurs when the total value of a country's imports is more than its exports. This means that the country is spending more money on importing goods and services than it is earning through its exports.

A Trade _____ Occurs When the Total Value of a Country's