What does a country have if the total value of its commodity exports is greater than the value of its imports?
A)Trade deficit
B)Statistical discrepancy
C)Trade surplus
D)Fixed exchange

Question

Quizplus · Accepted Answer

A country has a trade surplus is the total value of its commodity exports is greater than the value of its imports.
Key Takeaway: The difference between the exports and imports of a country over a given period of time is known as the balance of trade. If the country has a favorable balance of trade, it is known as a trade surplus. That country has a trade deficit if the opposite is true-the total value of its commodity imports is greater than the value of its exports.

What Does a Country Have If the Total Value of Its