Question

Which of these BEST describes a situation in which a country has a "trade deficit"?

Answer 1

trade deficit is a situation where the amount by which the cost of a country's imports exceeds the value of its exports.

hope it helps you!
please mark me as brainliest if you are satisfied

Answer 2

Trade Deficit relates to the amount by which the goods imported by a country is more than that of the goods the country export.

It is crucial for the government to manage and control the trade deficit for the development of that country.

The trade deficit can have a massive effect on the financial status of the country. A trade deficit is a loss to the economic condition of that country.