Which of the following best describes a positive trade balance?
A) the economic condition where a country's exports exceed its imports
B) the economic condition where a country's imports exceed its exports
C) the economic condition where economic resources are in abundance
D) none of the above

Question

Quizplus · Accepted Answer

A positive trade balance occurs when a country exports more goods and services than it imports. This means that the country is earning more revenue from selling goods and services to other countries than it is spending on buying goods and services from them. This is generally seen as a positive economic outcome as it can lead to increased growth and job creation.

Which of the Following Best Describes a Positive Trade Balance