The condition that results when a nation's exports are greater than its imports is called ________.
A) a trade deficit
B) a trade surplus
C) mercantilism
D) dumping

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country's exports exceed its imports, meaning that it is selling more goods and services to other countries than it is buying from them. This can lead to an increase in the country's foreign reserves and overall economic growth.

The Condition That Results When a Nation's Exports Are Greater