If the united states exports $100 worth of diamonds to the kingdom of mocha and imports $80 worth of bows and arrows it has a(n)

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04-02-2021
Business

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If the united states exports $100 worth of diamonds to the kingdom of mocha and imports $80 worth of bows and arrows it has a(n)

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valetta valetta · Answer 1 · 2021-02-04T17:52:23-05:00

valetta valetta

04-02-2021

Answer:

Trade surplus

Explanation:

In business when export is greater than import in monetary terms the situation is called trade surplus.

Trade surplus is a favorable situation in economics. The economic condition of a country is assumed to be better when the country has a trade surplus. The opposite situation in which import is greater than export is called trade deficit.

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