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Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. B. A trade surplus is when a country imports more than it exports, while a trade deficit happens when exports exceed imports. C. A trade surplus is when a country produces more than it consumes, while a trade deficit happens when consumption exceeds production. D. A trade deficit is when a country loses money on products it makes, while a trade surplus happens when production leads to profits.

2 Answers

6 votes

Answer:

A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.Step-by-step explanation:

answered
User Eduardo Brites
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7.9k points
4 votes
A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports.
answered
User Platonius
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8.7k points
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