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A country exporting more than it imports is said to have a:
  • a)
    Trade surplus
  • b)
    Trade deficit
  • c)
    Balanced trade
  • d)
    Trade embargo
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A country exporting more than it imports is said to have a:a)Trade sur...
When a country exports more than it imports, it is said to have a trade surplus. This situation indicates that the country is earning more foreign exchange than it is spending, which is beneficial for its economy.
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A country exporting more than it imports is said to have a:a)Trade surplusb)Trade deficitc)Balanced traded)Trade embargoCorrect answer is option 'A'. Can you explain this answer?
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