HEL Question 1 of 10
A country imports goods and services worth $700 million and exports goods
and services worth about $500 million. This means that the country has a(n)
A. comparative advantage
B. absolute advantage
C. trade surplus
D. trade deficit
SUBMIT

D. Trade Deficit

Explanation:

Since they pay $700 mil to import goods and earn $5oo mil when they sell those goods, they're technically losing money. Which is what a deficit is

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