When U.S. merchandise imports are greater than exports, the United States is running a
A)trade deficit.
B)trade surplus.
C)trade balance.
D)capital account surplus.

Question

Quizplus · Accepted Answer

A trade deficit occurs when the value of a country's merchandise imports exceeds the value of its exports. It means that the country is consuming more goods than it is producing and relying on imports to meet its needs.

When US Merchandise Imports Are Greater Than Exports, the United States