Countries often try to ensure they export more than they import to generate enough income from exports to cover the cost of imports. This approach can help maintain a favorable balance of trade, strengthen the economy, and ensure that they have sufficient resources to pay for imported goods.
Why do countries often try to make sure they export more than they import? (1 point)
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 devalue the country’s currency
to prevent an excess of imports that will devalue the country’s currency
to prevent an excess of imports that will lead to inflation
to prevent an excess of imports that will lead to inflation
to avoid paying tariffs on the goods they export to other countries
1 answer