If the Land of Mercury had total exports of $150 billion and total imports of $234 billion, it had a
A)comparative advantage.
B)trade deficit.
C)balance of payments.
D)negative output.
E)positive balance of trade.Landing Service

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country's imports exceed its exports, which is the case for the Land of Mercury as its imports ($234 billion) are greater than its exports ($150 billion).

If the Land of Mercury Had Total Exports of $150