If the value of the goods and services a country buys from other countries exceed the value of the goods and services it sells to other countries,then the country runs a _____.

Question

Quizplus · Accepted Answer

When a country buys more goods and services from other countries than it sells, it is known as a trade deficit. This means that the country is importing more than it is exporting, which can have economic implications such as a decrease in the value of its currency and an increase in its indebtedness to other countries. A trade surplus, on the other hand, occurs when a country sells more goods and services to other countries than it buys.

If the Value of the Goods and Services a Country