A Foreign Trade Deficit Occurs When a Country's _____

question 57

Multiple Choice

A foreign trade deficit occurs when a country's _____. 

• A)imports are greater than its exports
• B)tax revenues are greater than its expenditures
• C)savings rate is higher than its borrowing rate
• D)purchase of Treasury securities is more than sale of Treasury securities
• E)cash reserves are higher than its expenses

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Definitions:

Magma Chambers

Large pools of molten rock located beneath the Earth's surface, serving as the source for volcanic eruptions.

Volcanic Domes

Rounded, bulbous formations created by the slow extrusion of very viscous lava from a volcano, which hardens close to the vent.

Gas Pressure

The force exerted by gas molecules colliding with the surfaces of objects in a container, influenced by the temperature and volume of the gas.

Shield Volcano

A broad, domed volcano with gently sloping sides, built by the eruption of fluid, basaltic lava.