When a country's imports exceed its exports,the nation has a ________.
A) balance of payments
B) trade deficit
C) competitive advantage
D) trade surplus

Question

Quizplus · Accepted Answer

When a country's imports exceed its exports, it means that it is importing more goods and services than it is exporting, leading to a negative balance of trade. This situation is commonly known as a trade deficit.

When a Country's Imports Exceed Its Exports,the Nation Has a ________