Which of the following refers to the situation when a country's imports exceed its exports?
A) balance of payments
B) balance of trade
C) trade deficit
D) trade surplus
E) trade advantage

Name: Which of the following refers to the situation when a country's imports exceed its exports? A) balance of payments B) balance of trade C) trade deficit D) trade surplus E) trade advantage
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

C)A country operates a trade deficit if it imports more goods than it exports.

Which of the Following Refers to the Situation When a Country's