Asked by Jessika Patterson on Jul 29, 2024
Verified
Our merchandise trade deficit was $________ billion in 2009.
Trade Deficit
A scenario in which a country buys more goods and services from abroad than it sells to other countries, resulting in a negative trade balance.
Merchandise
Goods or products that are bought, sold, or traded, often in a retail environment.
- Acquire knowledge on the elementary aspects of trade balances, with a focus on differentiating a trade surplus from a deficit.
Verified Answer
MG
Learning Objectives
- Acquire knowledge on the elementary aspects of trade balances, with a focus on differentiating a trade surplus from a deficit.