A positive balance of trade is when: A.imports are greater than exports B.exports are greater than imports C.exports equal imports D.All of the Above

Answered: A positive balance of trade is when:…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A positive balance of trade is when:

	A.	imports are greater than exports
	B.	exports are greater than imports
	C.	exports equal imports
	D.	All of the Above

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

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The balance of trade refers to the difference between the monetary value of a country's exports and imports over a given time period. Sometimes a distinction is made between a balance of trade for products versus one for services.

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