Which describes the difference between a trade surplus and a trade deficit?

A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports.

A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production.

A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.

Question

Draven Patel

Business

3 March, 14:33

Which describes the difference between a trade surplus and a trade deficit?

A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports.

A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production.

A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.

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Answers (1)

Know the Answer?

Manuel Hutchinson · Answer 1

The answer is A) A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.

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