A favorable balance of trade occurs when the
A) value of exports equals the value of imports
B) balance of payments is balanced
C) current and capital accounts in the balance of payments are equal
D) value of exports exceeds the value of imports
E) value of exports is less than the value of imports

Question

Quizplus · Accepted Answer

A favorable balance of trade is achieved when a country's exports exceed its imports, indicating that it is selling more goods to other countries than it is buying from them.

A Favorable Balance of Trade Occurs When the