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    Principles of Macroeconomics Study Set 12
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    Exam 19: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    When a Country's Exports of Goods Are ________ Its Imports
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When a Country's Exports of Goods Are ________ Its Imports

Question 165

Question 165

Multiple Choice

When a country's exports of goods are ________ its imports of goods in a given period, it has a trade deficit.


A) equal to
B) less than
C) greater than
D) unrelated to

Correct Answer:

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