Countries whose import exceed export are said to run ___

Countries whose import exceed export are said to run ___ Correct Answer Balance of trade deficit

A country that imports more goods and services than it exports in terms of value has a trade deficit while a country that exports more goods and services than it imports has a trade surplus.
Bissoy MCQ

Related Questions

In a world of many trading countries, the trade between two countries need not be balanced for the trade of each to be in global balance. Differing demands and productive capabilities among countries will cause a specific country to have trade deficits with some countries and surplus with other countries. Which of the following statements best summarizes the above?
In a certain period difference between visible and invisible import and export of a country is called.
when the volume of import is higher than export then this situation is know as
Food stocks were fast ___ but no attempts were taken to import more grain.