If imports are greater than exports, which of the following is true?
O Trade balance is positive resulting in a deficit
O Trade balance is negative resulting in a deficit
O Trade balance is positive resulting in a surplus
O Trade balance is negative resulting in a surplus

The difference between a country's value of imports and exports is known as the balance of trade. When imports of a country surpass the exports in a particular period, it is said to have a trade deficit. The balance of trade is negative should a country be a net importer.

A trade surplus is when a country is a net exporter. Should the value of a country's exports exceed the imports, the balance of trade is positive, and the country is said to have a trade surplus.

If imports are greater than exports, which of the following is true? O Trade balance is positive resulting in a deficit O Trade balance is negative resulting in a deficit O Trade balance is positive resulting in a surplus O Trade balance is negative resulting in a surplus

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If imports are greater than exports, which of the following is true?
O Trade balance is positive resulting in a deficit
O Trade balance is negative resulting in a deficit
O Trade balance is positive resulting in a surplus
O Trade balance is negative resulting in a surplus