Question

question 9
1 pts
if imports exceed exports, as in recent years, then _______ exists.

a trade surplus
a trade deficit
balanced trade
trade disequilibrium

question 10
1 pts
the gap between exports and imports in a nations economy is called the _______.

trade surplus
trade balance
trade deficit
trade inventory

Explanation:

Question 9

A trade surplus is when exports exceed imports. Balanced trade is when exports equal imports. Trade disequilibrium is a broader imbalance, but when imports > exports, it's specifically a trade deficit.

Trade surplus is exports > imports, trade deficit is imports > exports, trade inventory is not a term for the gap. Trade balance refers to the difference (gap) between exports and imports.

Answer:

B. a trade deficit

Question 10