Atrade surplus is generally known as a a) positive balance of trade. b) negative balance of trade. c) positive balance of payments. d) negative balance of payments.

A) positive balance of trade

Explanation:

Trade Surplus is most important theory of Economics. In Trade surplus exports are always greater than imports which is most beneficial situation for any country. It also represent the inflow of domestic currency in foreign market which plays most crucial role in assessing the GDP and economical development of nations.

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