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What is a trade deficit?

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Answer:A trade deficit is when a country imports more goods and services than it exports. This can be caused by a variety of factors, such as differences in labor costs, differences in currency values, and differences in regulations and standards.

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User Subha Chandra
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Answer:

When the balance between imports and exports becomes skewed, a country can find itself in a trade surplus or trade deficit. A trade deficit occurs when a country imports more than it exports. In other words, when a country buys more than it sells, it has a trade deficit.

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User Claytronicon
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