Question

Last year, the country of Valahia reported that it had a favorable balance of trade while importing $21 billion worth of goods. This suggests that Valahia: a. Imported only inexpensive goods and exported expensive goods. b. Exported less than $21 billion worth of goods. c. Exported more than $21 billion worth of goods. d. Exported $11 billion worth of goods.

Answer 1

C

Step-by-step explanation:

Balance of trade is the difference between a country's export and import

Balance of trade = export - import

Balance of trade is favourable if export exceeds import

If imports was $21 billion, it implies that export was greater than $21 billion if balance of trade is favourable