Question

what does it mean when a nation has a trade deficit? a. it exports more than it imports b. it imports more than it exports c. it has no trade agreements d. its currency is stronger than others

Explanation:

A trade deficit occurs when a nation's imports exceed its exports. Option A describes a trade surplus. Option C is about trade agreements, not deficit. Option D is about currency strength, not trade balance.

Answer:

B. It imports more than it exports