What Is Meant by a Trade De?cit

question 46

Multiple Choice

What is meant by a trade de?cit?

• A) Trade de?cit is the difference between producer surplus and consumer surplus.
• B) Trade de?cit is the difference between the price paid for a good and the cost of making it.
• C) Trade de?cit is the difference between exported and imported goods and services.
• D) Trade de?cit is the difference between the government's revenues and expenditures.

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