When a country exports more than it imports, it results in a:
A) Balance of trade
B) Trade deficit
C) Trade surplus
D) Comparative advantage

Question

Quizplus · Accepted Answer

When a country exports more than it imports, it results in a trade surplus, meaning that the country has more goods and services to sell to other countries than it is buying from them. This can lead to an increase in the country's foreign exchange reserves and can also have a positive impact on the country's economic growth and job creation.

When a Country Exports More Than It Imports, It Results