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Business, 21.02.2020 00:03 KenzieSparkles

If a country has a trade deficit, does it indicate that the country has a serious problem?

a. No. Trade deficits occur when a country's investment spending is higher than its level of saving.
b. Yes. Trade deficits occur when a country does not have a comparative advantage in production.
c. Yes. Trade deficits occur when a country has a high budget surplus.
d. Yes. Trade deficits occur when a country has low productivity.

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If a country has a trade deficit, does it indicate that the country has a serious problem?
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