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What is a trade deficit?
  • a)
    A situation where a country exports more than it imports
  • b)
    A situation where a country imports more than it exports
  • c)
    A situation where a country's total exports and imports are equal
  • d)
    A situation where there are no international trade activities
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is a trade deficit?a)A situation where a country exports more tha...
A trade deficit occurs when the value of a country's imports exceeds the value of its exports. It means the country is buying more goods and services from other nations than it is selling to them.
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What is a trade deficit?a)A situation where a country exports more than it importsb)A situation where a country imports more than it exportsc)A situation where a countrys total exports and imports are equald)A situation where there are no international trade activitiesCorrect answer is option 'B'. Can you explain this answer?
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