The situation when a country imports more than its exports is:✓ ► A trade surplus.✓ ► A recession.✓ ► A trade deficit.✓ ► An expansion.

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

Multiple Choice QuestionWhat is the result when a country's exports exceed its imports?Multiple choice question.A trade deficitA trade surplusA trade equilibriumAn immediate asset transaction

A country has a trade deficit of $20 billion with its trading partners over a year. Which change would cause the country to have a trade surplus the following year, assuming everything else remains the same?A.The country decreases its imports by $10 billion.B.The country increases its exports by $30 billion.C.The country decreases its exports by $10 billion.D.The country increases its imports by $30 billion.