A country that exports more goods than it imports is said to exhibit which of the following?

Question

Quizplus · Accepted Answer

When a country exports more goods than it imports, it is said to have a favourable balance of trade, indicating that it is earning more revenue from exports than it is spending on imports. A favourable balance of trade contributes to a favourable balance of payments, which measures all financial transactions between a country and the rest of the world. A negative trade deficit or an unfavourable balance of trade would occur when a country imports more goods than it exports, resulting in a loss of revenue.

A Country That Exports More Goods Than It Imports Is