If Taiwan has a positive balance of trade, this means that
A) money is flowing into the country to pay for imported goods.
B) the total amount of exported goods has increased from the previous year.
C) the total amount of imported goods has decreased from the previous year.
D) the nation is exporting more than it imports from other nations.
E) all of these are correct.

Question

Quizplus · Accepted Answer

A positive balance of trade means that a country is exporting more than it is importing from other nations. This does not necessarily indicate the total amount of exports or imports, or whether money is flowing into or out of the country.

If Taiwan Has a Positive Balance of Trade, This Means