Azerbaijan has imports of $1.8 billion and has a favourable balance of trade. This means that Azerbaijan has which of the following?
A) less than $1.8 billion in exports
B) more than $1.8 billion in exports
C) low inflation
D) exactly $1.8 billion in exports

Question

Quizplus · Accepted Answer

A favorable balance of trade means that a country's exports exceed its imports. Therefore, Azerbaijan must have more than $1.8 billion in exports to have a favorable balance of trade.

Azerbaijan Has Imports of $1