A trade balance where exports exceed imports is called:
A)trade surplus.
B)trade deficit.
C)budget deficit.
D)none of the above.

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country exports more goods and services than it imports, resulting in a surplus of funds flowing into the country from foreign markets. It is the opposite of a trade deficit, where a country imports more goods and services than it exports. A budget deficit refers to a situation where a government's spending exceeds its revenue.

A Trade Balance Where Exports Exceed Imports Is Called