Question

If France had positive net exports last year, then it Group of answer choices sold more abroad than it purchased abroad and had a trade surplus. sold more abroad than it purchased abroad and had a trade deficit. bought more abroad than it sold abroad and had a trade surplus. bought more abroad than it sold abroad and had a trade deficit.

Answer 1

If France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.

What is trade surplus?

• When focused simply on trade effects, a trade surplus indicates that a country's goods are in high demand on the global market, which raises the price of those items and leads to a direct strengthening of the home currency.
• When exports surpass imports, the trade balance (surplus) is positive.
• When exports are fewer than imports, the trade balance is negative (deficit).
• When a country exports more goods than it imports, it has a trade surplus.
• For example, if China exported $1 trillion in products while importing only $200 billion in goods, it would have an $800 billion trade surplus.

Therefore, if France had positive net exports last year, then it (A) sold more abroad than it purchased abroad and had a trade surplus.

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The complete question is given below:
If France had positive net exports last year, then it

A. sold more abroad than it purchased abroad and had a trade surplus.

B. sold more abroad than it purchased abroad and had a trade deficit.

C. bought more abroad than it sold abroad and had a trade surplus.

D. bought more abroad than it sold abroad and had a trade deficit.