A Country That Typically Runs a Trade Deficit Is

question 31

Multiple Choice

A country that typically runs a trade deficit is:

• A) the United States.
• B) Germany.
• C) China.
• D) Japan.

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Definitions:

Economic Efficiency

A condition where resources are allocated in a way that maximizes the production of goods and services without wasting any resources.

Economic Efficiency

occurs when resources are allocated in a way that maximizes the production of goods and services at the lowest cost, minimizing waste and inefficiency.

Automobile Safety

Automobile Safety involves the design, equipment, and regulations that aim to minimize the occurrence and consequences of traffic accidents.

Additional Cost

Expenses that are not initially planned for but arise during the production or execution of a project, also known as incidental or unforeseen costs.