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- A trade deficit occurs when
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Card 133 / 145: A trade deficit occurs when
A)
the value of a country's exports exceeds the value of its imports.
B)
the value of a country's imports exceeds the value of its exports.
C)
a government spends more than it receives in tax revenue.
D)
a government spends less than it receives in tax revenue.
Answer:
B) the value of a country's imports exceeds the value of its exports.
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