At the end of the fiscal year, Country A has imported more than it has exported. This country is said to have a

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country imports more than it exports, resulting in a negative balance of trade. A trade surplus would be the opposite situation, where a country exports more than it imports. Balance of trade refers to the difference between a country's total exports and imports, and does not necessarily indicate whether there is a surplus or deficit. Therefore, the correct choice is B – trade deficit.

At the End of the Fiscal Year, Country a Has