The fact that the United States is running large annual trade deficits means that:
A) U.S. imports greatly exceed U.S. exports.
B) the U.S. is marketing its goods better than any other country in the world.
C) U.S. exports greatly exceed U.S. imports.
D) the U.S. has greater production efficiency than any other country in he world.
E) there is no significant foreign competition for most industries in the U.S.

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country's imports exceed its exports, meaning it is buying more goods and services from other countries than it is selling to them. This is the case with the United States' large annual trade deficits.

The Fact That the United States Is Running Large Annual