When a country is importing more goods and services than it is exporting,it is incurring a(n):
A)trade surplus.
B)current account deficit.
C)positive balance of payment.
D)economic recession.

Question

Quizplus · Accepted Answer

A current account deficit,or trade deficit as it is often called,arises when a country is importing more goods and services than it is exporting.Governments typically prefer to see a current account surplus rather than a deficit.

When a Country Is Importing More Goods and Services Than