Question

True or False: A trade deficit is an imbalance between the value of goods that are imported as compared to what is exported.

Answer 1

answer
True
Explanation

country is buying more goods and services than it is selling.

Answer 2

false

Step-by-step explanation:

A trade deficit is when a country's imports exceeds its exports during a given time period. Also known as a negative balance of trade ( BOT )