The situation when a country imports more than its exports is:✓ ► A trade surplus.✓ ► A recession.✓ ► A trade deficit.✓ ► An expansion.
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Solution 1
The situation when a country imports more than it exports is referred to as a trade deficit. A trade deficit occurs when the value of goods and services purchased from other countries exceeds the value of those sold to them. This scenario can have various economic implications, such as affecting Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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