Question

The term _____________ describes circumstances where a country's exports exceed its imports.

A. trade imbalance
B. trade balance
C. trade surplus
D. trade deficit

Answer 1

Answer:

C. trade surplus

Explanation:

A trade surplus is a positive balance of tradewhere a country's exports exceed its imports.   Trade Balance = Total Value of Exports - Total Value of Imports if Total Value of Exports is bigger than the Total Value of Imports the trade balance will be positive.

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