contestada

A country exports goods and services valued at $400 million in a year. During
that same year, the country imports goods and serves valued at $300 million.
Which conclusion best describes the country's balance of trade?
A. The country has established a comparative advantage.
B. The country has a trade surplus.
O
C. The country has established an absolute advantage.
D. The country has a trade deficit.
SUBMIT

A country exports goods and services valued at 400 million in a year During that same year the country imports goods and serves valued at 300 million Which conc class=

Respuesta :

Answer:

B

Explanation:

Parrain

Based on the imports and the exports of the country, we can infer that B. The country has a trade surplus.

Balance of trade:

  • Is the difference between a country's exports and imports
  • Is considered a trade surplus when exports exceed imports
  • Is considered a trade deficit when imports exceed exports

We can see from the scenario that the exports of $400 million for this country, was higher than its imports of $300 million.

We can therefore conclude that this country has a trade surplus when it comes to balance of trade.

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