18 when the value of exports from a country exceeds the value of imports into that country, there is a(n)…
18 when the value of exports from a country exceeds the value of imports into that country, there is a(n) multiple choice trade deficit. balance of payments. favorable balance of trade. unfavorable balance of trade.
Answer
Brief Explanations:
When exports exceed imports, it means the country is selling more goods and services abroad than it is buying from other countries, which is a favorable trade situation known as a favorable balance of trade. A trade deficit occurs when imports exceed exports. The balance of payments is a broader concept that includes all economic transactions between a country and the rest of the world. An unfavorable balance of trade is the same as a trade deficit.
Answer:
C. favorable balance of trade