Question
5 points When a nation imports more than it exports its called __ trade deficit. trade demand trade surplus negative trade
Answer
4
(198 Votes)
Arnold
Master · Tutor for 5 years
Answer
The correct option is: **trade deficit**.
Explanation
A trade deficit occurs when a nation's imports exceed its exports. This term characterizes a situation where a country buys more goods and services from abroad than it sells to foreign markets, resulting in a negative balance of trade.