An economy is said to be in a trade surplus when its __________a.exports surpasses importb.import surpasses exportc.export equals importd.none of the above

A trade surplus occurs when a country exports more goods and services than it imports.Question 37Answera.Trueb.False

Which of the following refers to the situation when a country's imports exceed its exports? Question 10Answer a. Trade deficit b. Trade surplus c. Trade advantage d. Balance of payments e. Balance of trade

If a country exports a greater value of goods than it imports, it has a(n) _____.A.absolute advantageB.trade surplusC.comparative advantageD.trade deficit

Multiple Choice QuestionA country experiences a trade surplus under which of the following conditions?Multiple choice question.When it imports more goods and services than it exportsWhen it exports more services than it does goodsWhen it exports more goods and services than it importsWhen it exports more goods than it does services

The term _____________ describes circumstances where a country's exports exceed its imports.Choose one answer from the options below.trade deficittrade imbalancetrade surplustrade balance