When one country buys more from another country than it sells to the country, it is said to be experiencing:
A) economic dualism.
B) double counting.
C) symmetrical trade.
D) internationalization.
E) bilateral trade deficit.

Question

Quizplus · Accepted Answer

When one country buys more from another country than it sells to the country, it is known as a bilateral trade deficit. This means that the country is importing more goods and services than it is exporting, which can lead to negative economic impacts such as a decrease in domestic production and job loss.

When One Country Buys More from Another Country Than It