A trade surplus occurs when a country:
A) imports more than it exports.
B) imports less than it exports.
C) has a negative balance of trade.
D) has a zero balance of trade.

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country exports more goods and services than it imports, resulting in a positive balance of trade. Therefore, option B, which states that a country imports less than it exports, is the correct answer.

A Trade Surplus Occurs When a Country