The nation of kandabar exports $75 million worth of products and services and imports $52 million worth of products and services. kandabar has a(n):
a) trade surplus. b) unfavorable balance of trade. c) trade deficit. d) trade embargo.

Option (a) is correct.

Explanation:

Given that,

Value of good and services exported from Kandabar = $75 million

Value of good and services imported by Kandabar = $52 million

Therefore,

Balance of trade or trade balance:

= value of exports - value of imports

= $75 million - $52 million

= $23 million

Since the value of exports is greater than the value of imports, the nation has a trade surplus of $23 million.

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c

explanation: