A trade surplus results when a country imports more goods than it exports.

Name: A trade surplus results when a country imports more goods than it exports.
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

A trade surplus occurs when a country exports more goods than it imports, which results in a positive balance of trade. The opposite is a trade deficit, which occurs when a country imports more goods than it exports, resulting in a negative balance of trade.

A Trade Surplus Results When a Country Imports More Goods