A country has a trade deficit when the ________.

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A country has a trade deficit when the ________.

A country has a trade deficit when the ________.

▸ exchange rate of its currency with other currencies is fixed

▸ exchange rate of its currency with other currencies is variable

▸ value of its exports exceeds the value of its imports

▸ total flow of money into the country equals the total flow of money out of the country

▸ value of its imports exceeds the value of its exports

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Business in Action

Edition: 9^th

Authors: Bovee, Thill

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Good timing, thanks!

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