A country exports more than it imports over a year. What does it have?

Question

Accepted Answer

C. A trade surplus, which is a favorable balance

1. The balance of trade is exports set against imports over a period.
2. Exporting more than a country imports is a favorable balance of trade.
3. That favorable balance is called a trade surplus.
4. The reverse case, importing more than a country exports, is a trade deficit.
5. The balance of payments is a wider measure and is not what the question describes.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.1 Global Trade in the United States_

Answer

A trade deficit, which is an unfavorable balance

Answer

A payments deficit, which is an unfavorable balance

Answer

A payments surplus, which is a favorable balance

A country exports more than it imports over a year. What does it have?

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