Last year,the nation of Kwansai reported that it had a favourable balance of trade even though it imported $11 billion worth of goods.This indicates that Kwansai:
A)overpriced the value of its exports.
B)exported $11 billion worth of goods.
C)exported more than $11 billion worth of goods.
D)exported less than $11 billion worth of goods.

Question

Quizplus · Accepted Answer

A favorable balance of trade means that the value of exports exceeds the value of imports. Therefore, Kwansai must have exported more than $11 billion worth of goods.

Last Year,the Nation of Kwansai Reported That It Had a Favourable