When a nation's exports exceed its imports, it has a
A) trade surplus.
B) trade shortage.
C) trade embargo.
D) exchange rate discrepancy.

Name: When a nation's exports exceed its imports, it has a A) trade surplus. B) trade shortage. C) trade embargo. D) exchange rate discrepancy.
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Question

Quizplus · Accepted Answer

A trade surplus occurs when a country exports more goods and services than it imports, meaning it is selling more to other countries than it is buying from them.

When a Nation's Exports Exceed Its Imports, It Has a