A country with a ________ has a favorable balance of payments.Multiple Choicebudget deficittrade surpluslow gross domestic product (GDP)high import rate
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Solution 1
The correct answer is "trade surplus". A country with a trade surplus exports more than it imports, resulting in a favorable balance of payments. This is because the money coming into the country (from exports) is greater than the money leaving the country (for imports). Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT i
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