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.

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

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

If the United States exports more goods/services than it imports, then the U.S. would have a(n)Multiple Choicetrade surplus.favored trading nation.trade deficit.increased global impact.unfavorable balance of trade.

A country with a ________ has a favorable balance of payments.Multiple Choicebudget deficittrade surpluslow gross domestic product (GDP)high import rate

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