Last year, the nation Hasalot reported that it had a favorable balance of trade even though it imported $9 billion worth of goods. This indicates that Winstone
A) exported $9 billion worth of goods.
B) exported more than $9 billion worth of goods.
C) overpriced the value of its exports.
D) exported less than $9 billion worth of goods.

Question

Quizplus · Accepted Answer

A favorable balance of trade means exports exceed imports. If Hasalot had a favorable balance of trade and imported $9 billion worth of goods, it exported more than $9 billion worth of goods.

Last Year, the Nation Hasalot Reported That It Had a Favorable