Question

What is a trade deficit?

Answer 1

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.

Step-by-step explanation:

Answer 2

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.

Step-by-step explanation: