In which situation does a trade deficit occur?

when a country focuses on a specific good.

when a country imports more than it exports.

when foreign resources are used instead of domestic resources.

when economic activity happens without government involvement.

Question

Lucian Sandoval

History

29 March, 06:59

In which situation does a trade deficit occur?

when a country focuses on a specific good.

when a country imports more than it exports.

when foreign resources are used instead of domestic resources.

when economic activity happens without government involvement.

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Answers (2)

Know the Answer?

Dominique Lamb · Answer 1

Answer: B: when a country imports more than it exports.

Explanation:

trade def·i·cit

/ˌtrād ˈdefəsət/

noun

the amount by which the cost of a country's imports exceeds the value of its exports.

Frida Weiss · Answer 2

When a countrh focuses on a specific good

In which situation does a trade deficit occur?when a country focuses on a specific good.when a country imports more than it exports.when foreign resources are used instead of domestic resources.when economic activity happens without government involvement.

In which situation does a trade deficit occur?

when a country focuses on a specific good.

when a country imports more than it exports.

when foreign resources are used instead of domestic resources.

when economic activity happens without government involvement.