A situation occurring when the value of a nation's exports exceeds the value of its imports is called a trade surplus.

True

False

True

Explanation:

A trade surplus refers to a positive balance of trade which means that the exports of the country are higher than the imports. This indicates a favorable situation for the country because the sells of products and services made in the country to the foreign markets have more value than the goods bought in the foreign markets from consumers in the nation. This results in having more control over the currency and reducing the risk of losing its value. Because of this, the statement is true.

hey matthew

Explanation:

Is TRUE.

Trade Surplus. A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. A trade surplus occurs when the result of the above calculation is positive. A trade surplus represents a net inflow of domestic currency from foreign markets.