A country runs a _____,if the value of exports exceeds the value of imports.

Question

Quizplus · Accepted Answer

A trade surplus occurs when the value of a country's exports exceeds the value of its imports. This means that the country is exporting more goods and services than it is importing, resulting in a positive balance of trade. This can lead to an increase in reserves of foreign currency, which can be used to pay off debts or invest in other countries. A trade surplus is generally seen as a positive economic indicator, as it represents a competitive advantage in the global marketplace.

A Country Runs a _____,If the Value of Exports Exceeds