When a country exports more than it imports, it has a(n)
A) trade deficit.
B) favourable balance of trade.
C) unfavourable exchange rate.
D) unfavourable balance of trade.
E) unfavourable balance of payments.

Question

Quizplus · Accepted Answer

When a country exports more than it imports, it has a favourable balance of trade. This means that the country is earning more from exporting goods and services than it is spending on importing them, which can have a positive impact on its economy.

When a Country Exports More Than It Imports, It Has