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trade deficit

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The condition that exists when the value of what a country imports exceeds the value of what it exports; also called an unfavorable balance of trade.

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Question 1 of 12
On the farm, the feed for chicks is significantly different from the roosters’; ______ not even comparable.
Trade deficits, because they imply that capital is leaving a country, can cause higher interest rates.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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