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What is the trade balance of a country when exports exceed imports?
  • a)
    Trade surplus
  • b)
    Trade deficit
  • c)
    Trade equilibrium
  • d)
    Trade embargo
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the trade balance of a country when exports exceed imports?a)T...
When a country exports more than it imports, it is said to have a trade surplus. This means the country is earning more from its exports, which can lead to increased foreign exchange reserves and potentially a stronger currency.
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What is the trade balance of a country when exports exceed imports?a)Trade surplusb)Trade deficitc)Trade equilibriumd)Trade embargoCorrect answer is option 'A'. Can you explain this answer?
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