Asked by
Guled Abdullahi
on Dec 02, 2024Verified
If one country continually exports more to another than it imports from that country, the first country is said to have a trade surplus relative to the other.
Trade Surplus
Occurs when a country's exports exceed its imports during a specific time period, indicating a positive balance of trade.
Exports
Goods or services sent from one country to another for sale or trade.
Imports
Goods or services brought into one country from another for the purpose of sale or trade.
- Examine the effects of trade balances, encompassing both trade surpluses and deficits, on the economic health of a nation.
Verified Answer
RF
Learning Objectives
- Examine the effects of trade balances, encompassing both trade surpluses and deficits, on the economic health of a nation.