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dsp73
3 years ago
5

If imports are greater than exports, which of the following is true?

Business
1 answer:
ale4655 [162]3 years ago
6 0

Answer:

Trade balance is negative resulting in a deficit

Explanation:

The difference between a country's value of imports and exports is known as the balance of trade. When imports of a country surpass the exports in a particular period, it is said to have a trade deficit. The balance of trade is negative should a country be a net importer.

A trade surplus is when a country is a net exporter. Should the value of a country's exports exceed the imports, the balance of trade is positive, and the country is said to have a trade surplus.

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