Question

6) Describe a countries balance of trade if it is experiencing a trade deficit.

Answer 1

A country that imports more goods and services than it exports in terms of value has a trade deficit or a negative trade balance. Conversely, a country that exports more goods and services than it imports has a trade surplus or a positive trade balance.

Answer 2

United States

Explanation:

Has consistently run trade deficits due to high imports of oil and consumer products.