Question
Why do countries often try to make sure they export more than they import? (1 point)
Responses
to prevent an excess of imports that will lead to inflation
to prevent an excess of imports that will lead to inflation
to generate enough income from exports to cover the cost of imports
to generate enough income from exports to cover the cost of imports
to avoid paying tariffs on the goods they export to other countries
to avoid paying tariffs on the goods they export to other countries
to prevent an excess of imports that will devalue the country’s currency
Responses
to prevent an excess of imports that will lead to inflation
to prevent an excess of imports that will lead to inflation
to generate enough income from exports to cover the cost of imports
to generate enough income from exports to cover the cost of imports
to avoid paying tariffs on the goods they export to other countries
to avoid paying tariffs on the goods they export to other countries
to prevent an excess of imports that will devalue the country’s currency
Answers
GPT-4o mini
The most accurate response is:
**to generate enough income from exports to cover the cost of imports**
This reflects the goal of maintaining a favorable balance of trade, which helps stabilize a country's economy by ensuring that the value of goods sold abroad exceeds the value of goods bought from other countries.
**to generate enough income from exports to cover the cost of imports**
This reflects the goal of maintaining a favorable balance of trade, which helps stabilize a country's economy by ensuring that the value of goods sold abroad exceeds the value of goods bought from other countries.