A country has a trade deficit when
A)imports exceed exports.
B)imports equal exports.
C)exports exceed imports.
D)exports are zero.

Name: A country has a trade deficit when A)imports exceed exports. B)imports equal exports. C)exports exceed imports. D)exports are zero.
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Question

Quizplus · Accepted Answer

A trade deficit occurs when a country imports more goods and services than it exports. This means that the value of its imports is greater than the value of its exports, which results in a negative balance of trade.

A Country Has a Trade Deficit When