The condition that results when the value of a country's imports is greater than the value of its exports is called ________.
A) a trade deficit
B) economies of scale
C) a trade surplus
D) absolute advantage

Question

Quizplus · Accepted Answer

A trade deficit occurs when a country buys more goods and services from other countries than it sells to them. This leads to an outflow of currency and a negative balance of trade.

The Condition That Results When the Value of a Country's