Asked by Mindy Bounheuangvilay on May 12, 2024
Verified
The United States imports more goods from China than it exports to China. This is known as
A) gross national income (GNI) .
B) a trade surplus.
C) gross domestic product (GDP) .
D) a trade deficit.
E) an import imbalance.
Trade Deficit
Results when a country imports more goods than it exports.
Imports
Goods or services brought into one country from another for the purpose of sale or use.
Exports
Goods, services, or technologies sent from one country to another for trade or sale.
- Learn about the influence of tariffs and trade agreements on marketing strategies across borders.
Verified Answer
MB
Madeline BelfordMay 17, 2024
Final Answer :
D
Explanation :
When a country imports more goods from a specific country than it exports to that country, it is known as a trade deficit. In this case, the United States imports more goods from China than it exports to China, indicating a trade deficit between the two countries.
Learning Objectives
- Learn about the influence of tariffs and trade agreements on marketing strategies across borders.