2. A "negative" balance of trade, or trade deficit, occurs when a country's imports are------------------------------ then its exports. More Less Equal None of the above

The term _____________ describes circumstances where a country's exports exceed its imports.Choose one answer from the options below.trade deficittrade imbalancetrade surplustrade balance

Which of the following refers to the situation when a country's imports exceed its exports? Question 10Answer a. Trade deficit b. Trade surplus c. Trade advantage d. Balance of payments e. Balance of trade

In a small open economy, if exports are equal to $10 billion and imports are equal to $12 billion, there is a trade ＿＿ and ＿＿ net capital outflow.A.deficit; negativeB.surplus; negativeC.deficit; positiveD.surplus; positive

A trade deficit is also referred to as a(n)Multiple Choiceunfavorable balance of trade.favorable balance of trade.unified trading balance.unstable trade balance.great trade position.

If the United States has a trade deficit, what does that mean?A.It imports more goods than it exports.B.It manufactures goods rather than exploiting natural resources.C.It exports more goods than it imports.D.It exploits natural resources rather than manufacturing goods.SUBMITarrow_backPREVIOUS