Q948
Condition in which company's imports are more than its exports is classified as
A.
foreign trade
B.
foreign trade deficits
AnswerC.
foreign trade surplus
D.
trade surplus
Answer: Option B
Solution
Answer: Option B
Solution:
Condition in which company's imports are more than its exports is classified as foreign trade deficits. A trade deficit is an economic measure of international trade in which a country's imports exceed its exports. It represents an outflow of domestic currency to foreign markets.