ECO 372 Week 5 Discussion Question 3 - 87491

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What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses affect the industry in which you work? “A surplus in the trade balance means that exports exceed imports—we’re producing more than we’re consuming”. (Colander, 2010, p. 505)A trade surplus is a positive balance of trade where a country’s exports exceed its imports. There is a net flow of domestic currency from foreign markets representing a net outflow. “A deficit in the trade balance (the difference between imports and exports) means that, as...
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What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses aff

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