When a nation's exports exceed its imports,it incurs a __________ in its balance of trade.
A)countertrade
B)trade feedback effect
C)deficit
D)surplus
E)tariff

Question

Quizplus · Accepted Answer

A surplus is incurred when a nation's exports exceed its imports, meaning it is collecting more revenue from sales to other countries than it is spending on imports from other countries.

When a Nation's Exports Exceed Its Imports,it Incurs a __________