When a country imports more than it exports, it has a(n)
A) trade surplus.
B) favorable balance of trade.
C) favorable exchange role.
D) unfavorable balance of trade.
E) favorable balance of payments.

Question

Quizplus · Accepted Answer

When a country imports more than it exports, it has an unfavorable balance of trade. This means that the country is spending more on imports than it is earning from exports, leading to a deficit in the balance of trade.

When a Country Imports More Than It Exports, It Has