A country has a trade surplus when the ________.
A) value of its exports exceeds the value of its imports
B) exchange rate of its currency with other currencies is variable
C) exchange rate of its currency with other currencies is fixed
D) value of its imports exceeds the value of its exports
E) total flow of money into the country equals the total flow of money out of the country

Question

Quizplus · Accepted Answer

A)When the value of goods and services exported by a country exceeds the value of goods and services it imports, the country has a positive balance of trade, or a trade surplus.
B)When the value of goods and services exported by a country exceeds the value of goods and services it imports, the country has a positive balance of trade, or a trade surplus.
C)When the value of goods and services exported by a country exceeds the value of goods and services it imports, the country has a positive balance of trade, or a trade surplus.
D)When the value of goods and services exported by a country exceeds the value of goods and services it imports, the country has a positive balance of trade, or a trade surplus.
E)When the value of goods and services exported by a country exceeds the value of goods and services it imports, the country has a positive balance of trade, or a trade surplus.

A Country Has a Trade Surplus When the ________