When the total value of exports is higher than the total value of imports, a country experiences a _____ answer trade exchange.

Question

vovikov84 [41]

3 years ago

11

When the total value of exports is higher than the total value of imports, a country experiences a _____ answer trade exchange.

trade surplus. trade deficit. countertrade?

Social Studies

1 answer:

harkovskaia [24] · Answer 1 · 2022-04-16T02:06:19+03:00

The correct answer that would best complete the given statement above is the term TRADE SURPLUS. When the total value of exports is higher than the total value of imports, a country experiences a trade surplus. This is the <span>amount by which the value of a country's exports exceeds the cost of its imports. Hope this answer helps.</span>