A Trade Deficit Occurs When

question 61

Multiple Choice

A trade deficit occurs when:

• A)a country imposes a price floor on the good in which it has a comparative advantage.
• B)a country's imports exceed its exports.
• C)a country imposes a price ceiling on the good in which it has a comparative advantage.
• D)a country's exports exceed its imports.
• E)the domestic product market is in disequilibrium.

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