Economics · Economy
The term 'Trade Surplus' refers to which of the following economic situations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the total value of imports equals the total value of exports.
- 2When the monetary value of a country's imports surpasses its exports.
- 3When the monetary value of a country's exports surpasses its imports.✓
- 4When a nation bans all global commercial trade.
Correct answer
When the monetary value of a country's exports surpasses its imports.
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