GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When your exports are greater than your imports, this exists?
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Trade deficit
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Trade surplus
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A positive balance of trade, also known as a trade surplus, occurs when a country exports more goods than it imports. This means that the country is earning more from its exports than it is spending on its imports, and it is generally seen as a sign of economic strength.
Detailed explanation-2: -What Increases a Trade Surplus? A trade surplus rises when a country increasingly sells more to other countries than it buys from other countries. This isn’t always sustainable as growing demand tends to push the value of the currency up, making it more expensive for foreign clients to keep buying.
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