Question

If the United States has a trade deficit, what does that mean?

A. It manufactures goods rather than exploiting natural resources.
O B. It imports more goods than it exports.
O c. It exports more goods than it imports.
O D. It exploits natural resources rather than manufacturing goods.

Answer 1

b

Step-by-step explanation:

Answer 2

The correct answer is B. It imports more goods than it exports.

Explanation

The trade deficit is the name by which the negative difference between what a country exports and what that same country imports from other countries is known. This serves as an indicator to analyze the internal and external trade relations of a country. When a country is in a trade deficit, it is when it has imported more goods and services than it has sold abroad. Therefore, if the United States imports more goods and services than it exports, it will be in a trade deficit. So the correct answer is B. It imports more goods than it exports.