A trade surplus occurs when:
AImports exceed exports
BExports exceed importsCORRECT
CImports equal exports
DThere is no trade
CFAEconomics
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Trade surplus: country's exports > imports for a period. Trade deficit is the opposite.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Economics questions
CFA Economics has thousands more questions like this — with Worked answers on every one.