trade deficit
Cultural Dictionary
trade deficit definition
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.
Note: Trade deficits, because they imply that capital is leaving a country, can cause higher interest rates.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
WordNet
| trade deficit | |
noun | |
| an excess of imports over exports |
WordNet® 3.0, © 2006 by Princeton University.
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00:10
Trade deficit
is always a great word to know.
So is quincunx. Does it mean:
| a gadget; dingus; thingumbob. |
| an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle. |
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