Which of the following BEST describes a positive trade balance?
A) The economic condition in which a country's exports exceed its imports
B) The economic condition in which a country's imports exceed its exports
C) The economic condition in which a country's inflow of money exceeds its outflow
D) The economic condition in which a country's outflow of money exceeds its inflow
E) The economic condition in which a country's natural resources exceed its human resources

Question

Quizplus · Accepted Answer

A positive trade balance refers to the economic condition in which a country's exports exceed its imports, indicating that the country is earning more from its export activities than it spends on importing goods and services. This can contribute to a stronger economy and the accumulation of foreign reserves.

Which of the Following BEST Describes a Positive Trade Balance