A balance-of-trade deficit exists if

Name: A balance-of-trade deficit exists if
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Question

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A balance-of-trade deficit occurs when a country imports more goods and services than it exports. This means that the dollar value of imports exceeds the dollar value of exports. Option A describes a trade surplus, while options C and D refer to a balance-of-payments deficit or surplus, which measures all inflows and outflows of funds including trade, investment, and transfers.

A Balance-Of-Trade Deficit Exists If