Unequal trade causes trade _______________, (when the cost of a country's imports exceeds the value of its exports).
wars
deficits
imbalances
Unequal trade causes trade deficits, when the cost of a country's imports exceeds the value of its exports.
The term that describes the situation when the cost of a country's imports exceeds the value of its exports is called a trade deficit. A trade deficit occurs when a country is importing goods and services at a higher value than it is exporting. This can happen due to various factors such as disproportionate import reliance, increased consumer demand for foreign products, or higher production costs domestically.
To understand this concept and determine the answer to your question, you can start by looking up the meaning of "unequal trade" or "trade deficit." These terms are economic concepts that are widely discussed and have relevant information available from trusted sources such as textbooks, economic journals, or reputable websites.
By exploring these sources, you can gain a deeper understanding of how unequal trade leads to trade deficits and why it can potentially have negative consequences for a country's economy.