Krunisia, a Middle Eastern country, has a bilateral trade agreement with Rahoal, a country much richer than itself. Krunisia exports more products to Rahoal than what it imports. This exchange is likely to result in _____ for Krunisia.

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country exports more than it imports, which is the case for Krunisia in its trade relationship with Rahoal.

Krunisia, a Middle Eastern Country, Has a Bilateral Trade Agreement