📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      When a country's imports exceed its exports, what is

      this situation called?
      A Trade surplus Correct Answer Incorrect Answer
      B Balance of payments Correct Answer Incorrect Answer
      C Trade deficit Correct Answer Incorrect Answer
      D Fiscal deficit Correct Answer Incorrect Answer

      Solution

      Explanation: A trade deficit occurs when a country's imports exceed its exports.

      Practice Next

      Relevant for Exams:

      ask-question