A country that exports more goods than it imports is said to have a(n):
A)favorable balance of payment
B)negative trade deficit
C)favorable balance of trade
D)unfavorable balance of trade
E)positive trade deficit

Question

Quizplus · Accepted Answer

A favorable balance of trade occurs when a country exports more goods than it imports, indicating it is selling more abroad than it is buying from foreign markets.

A Country That Exports More Goods Than It Imports Is