Difference between trade surplus and trade dificit?

Answer 1

trade surplus is better than trade deficit because it entails a better balance of payments (BOP) while trade deficit entails poor balance of payments.trade surplus also implies that exports exceed imports.When a nation has a trade surplus, it has control over the majority of its own currency. This causes a reduction of risk for another nation selling this currency, which causes a drop in its value. When the currency loses value, it makes it more expensive to purchase imports, causing an even a greater imbalance.a trade deficit usualy has adverse effects on an economy especialy on the markets

Answer 2

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Answer 3

trade deficit:negative balance of trade

trade surplus: positive balance of trade

Answer 4

The United States has a trade deficit when they import more than they export. We have a trade surplus when we export more than we import.