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 currency value and employment levels.

1. **Trade Surplus**: This occurs when a country exports more than it imports, leading to a net inflow of money from other nations.

2. **Recession**: A significant decline in economic activity that lasts for an extended period—a recession can sometimes accompany a trade deficit but is not defined by it.

3. **Trade Deficit**: As previously stated, this is the correct option, indicating that the country spends more on foreign trade than it earns.

4. **Expansion**: This term describes a period of increasing economic growth, which is not directly linked to the trade balance.

In summary, when analyzing international trade, it’s vital to understand these terms as they impact economic policies and can influence the overall economic stability of a country. The correct answer is **a trade deficit**.

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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 currency value and employment levels.

1. **Trade Surplus**: This occurs when a country exports more than it imports, leading to a net inflow of money from other nations.
   
2. **Recession**: A significant decline in economic activity that lasts for an extended period—a recession can sometimes accompany a trade deficit but is not defined by it.

3. **Trade Deficit**: As previously stated, this is the correct option, indicating that the country spends more on foreign trade than it earns.

4. **Expansion**: This term describes a period of increasing economic growth, which is not directly linked to the trade balance.

In summary, when analyzing international trade, it’s vital to understand these terms as they impact economic policies and can influence the overall economic stability of a country. The correct answer is **a trade deficit**.

Knowee AI · Accepted Answer

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 currency value and employment levels.

1. **Trade Surplus**: This occurs when a country exports more than it imports, leading to a net inflow of money from other nations.
   
2. **Recession**: A significant decline in economic activity that lasts for an extended period—a recession can sometimes accompany a trade deficit but is not defined by it.

3. **Trade Deficit**: As previously stated, this is the correct option, indicating that the country spends more on foreign trade than it earns.

4. **Expansion**: This term describes a period of increasing economic growth, which is not directly linked to the trade balance.

In summary, when analyzing international trade, it’s vital to understand these terms as they impact economic policies and can influence the overall economic stability of a country. The correct answer is **a trade deficit**.

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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The situation when a country imports more than its exports is:

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