When the total value of a nation's exports is higher than the total value of its imports, that country has a(n) _____.
A) absolute advantage
B) trade surplus
C) trade deficit
D) comparative advantage

Name: When the total value of a nation's exports is higher than the total value of its imports, that country has a(n) _____. A) absolute advantage B) trade surplus C) trade deficit D) comparative advantage
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Question

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When a country's exports exceed its imports, it has a trade surplus.

When the Total Value of a Nation's Exports Is Higher