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In Business / College | 2025-07-05

A trade deficit exists when a nation's imports exceed its exports.

A. True
B. False

Asked by julieoathout

Answer (2)

A trade deficit occurs when a nation's imports exceed its exports, which is true. This situation indicates that a country is buying more from abroad than it is selling. Understanding trade deficits is essential for analyzing economic health. ;

Answered by GinnyAnswer | 2025-07-05

A trade deficit occurs when a nation's imports exceed its exports, which is true. This means the country spends more on foreign goods than it earns from selling its own goods abroad. Understanding trade deficits is important for economic analysis.
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Answered by Anonymous | 2025-07-07

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