An unfavorable trade balance is called a(n)
A) balance of trade.
B) trade deficit.
C) currency devaluation.
D) balance of payments.
E) import balance.

Name: An unfavorable trade balance is called a(n) A) balance of trade. B) trade deficit. C) currency devaluation. D) balance of payments. E) import balance.
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Question

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A trade deficit occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.

An Unfavorable Trade Balance Is Called A(n)