Asked by Achera Weaver on Apr 28, 2024
Verified
If a country's imports are less than its exports, a country has a trade surplus.
Exports
Items or services dispatched from one country to another for the intent of trade or sale.
Trade Surplus
A situation where a country's exports exceed its imports for a given period, leading to a positive balance of trade.
Imports
Commodities or offerings that are carried from abroad into a nation with the intent to sell them.
- Attain insight into the notions of trade surplus and trade deficit.
Verified Answer
FH
fatema hassnMay 05, 2024
Final Answer :
True
Explanation :
When a country's exports exceed its imports, it means the country is selling more goods and services to other countries than it is buying from them, resulting in a trade surplus.
Learning Objectives
- Attain insight into the notions of trade surplus and trade deficit.