In 2005, Canada had positive net exports. Which of the following does this fact imply?
A)Canada sold more abroad than it purchased abroad and had a trade surplus.
B)Canada sold more abroad than it purchased abroad and had a trade deficit.
C)Canada bought more abroad than it sold abroad and had a trade surplus.
D)Canada bought more abroad than it sold abroad and had a trade deficit.

Question

Quizplus · Accepted Answer

Positive net exports mean that the value of exports exceeds the value of imports. This implies that Canada sold more goods and services to other countries than it purchased from them, resulting in a trade surplus.

In 2005, Canada Had Positive Net Exports