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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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