Current trade data indicates that the nation of Bogusland exports more to other nations than it imports. Bogusland has:
A) an unfavorable balance of trade.
B) a trade surplus.
C) a trade deficit.
D) a low balance of trade.

Question

Quizplus · Accepted Answer

Bogusland has a trade surplus because it is exporting more than it is importing, resulting in a positive balance of trade.

Current Trade Data Indicates That the Nation of Bogusland Exports