Question

The United States, one of the world’s largest exporting nations, has bought more goods from other nations than it has sold since 1975. This is known as

a) dumping
b) a trade surplus
c) a trade deficit
d) a favorable balance of payments

Answer 1

Answer: D) a favorable balance of payments

Explanation: A positive, or favorable, balance of payments is one in which more payments have come in to a country than have gone out