Why do countries often try to make sure they export more than they import? (1 point)

Question

Responses

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 prevent an excess of imports that will lead to inflation
to prevent an excess of imports that will lead to inflation

to prevent an excess of imports that will devalue the country’s currency
to prevent an excess of imports that will devalue the country’s currency

to avoid paying tariffs on the goods they export to other countries

Answer 1

Countries often try to make sure they export more than they import primarily to prevent an excess of imports that will devalue the country’s currency. This approach helps maintain a positive balance of trade, supports the domestic economy, and contributes to a stronger national currency.