23.7k views
0 votes
If a nation sells more crops to other nations than it imports, what is that situation known as?

User Kromster
by
5.2k points

1 Answer

4 votes

Answer:

Trade surplus

Step-by-step explanation:

A trade surplus is an economic term to describe a situation where a country exports more goods to other nations than it imports and this is a positive balance of trade.

Therefore, according to the question, If a nation sells more crops to other nations than it imports, the situation is known as a trade surplus.

User Karthic Rao
by
5.3k points