Question

Which describes the difference between a trade surplus and a trade deficit? A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports. A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production. A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.

Answer 1

Answer:

A

Explanation:

A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

Answer 2

The difference between a trade deficit and a trade surplus is that  A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

The first option is the correct one. A trade deficit usually happens due to the fact that a country is importing too much from overseas more than what they export.

A trade surplus on the other hand is the opposite. It tells us that the country is exporting more of its goods abroad than what they import from other countries.

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