Which of these best describes a situation in which a country has a "trade deficit"? a) their inflation exceeds 1% eliminate b) their unemployment exceeds 6% c) their exports exceed their imports d) their imports exceed their exports

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.