Question

Which is a positive balance of trade for a country? importing goods and exporting services importing raw materials and exporting goods importing more goods than exporting exporting more goods than importing

Answer 1

The right answer is exporting more goods than importing.

The trade balance is the difference, in terms of monetary value, between exports and imports of goods or goods and services (depending on the country) in an economy over a given period.

A positive trade balance means that the country exports more goods and services than it imports. A negative trade balance means that the country exports insufficiently or that its imports and thus its external dependence is important.

Answer 2

The correct answer is exporting more goods than importing.

A positive trade balance implies that the value of goods and services a country exports is more than its imports.

The balance of trade refers to the significant difference between the value of a country’s export and import over a particular period.

Further Explanation

The balance of trade also known as international trade balance, forms an integral part of balance of payment; it is the biggest part of a country’s balance of payments. The balance of trade is often used by Experts to determine how the economy of a country is performing.

If the value of goods and services a country imports is more than the value of goods and services its export, such country will experience a trade deficit, also if the value of goods and serves a country export is more than its import, such country will as well experienced what economists called trade surplus.

The implication that trade deficits and trade surplus poses on a country's economy is that, the former would result in borrowing while the latter would result in lending. In other words, a country with a huge trade deficit will have to borrow money from other countries to pay for goods while a country with a trade surplus will have the capacity to lend money to a country that is experiencing trade deficits.

Therefore, we can determine the balance of trade by subtracting the total value of imports from the total value of exports.

LEARN MORE:

• Which is a positive balance of trade for a country?  brainly.com/question/10003695
• Which was a positive balance of trade for a country? brainly.com/question/11859925

KEYWORDS:

• goods
• services
• raw materials
• exporting
• importing