Question

A negative (unfavorable) balance of trade where imports exceed exports in value________

a. Trade Deficit
b. Trade Surplus
c. Trade Equilibrium
d. Trade Divergence

Answer 1

A negative balance of trade where imports exceed exports in value is called a Trade Deficit.

Step-by-step explanation:

A negative balance of trade where imports exceed exports in value is called a Trade Deficit. In a trade deficit, a country is buying more from other countries than it is selling to them. This can lead to economic challenges, but it is not inherently bad. A trade deficit allows a country to borrow from foreign countries and invest within its own country.