A country’s balance of trade of -$20 million shows that its
-
import volume is greater than export
- import and export volumes are equal
- export volume is greater than imports
- exports are mainly primary products
The correct answer is: A
Explanation
The minus (-) sign behind the amount depicts a negative balance. This means the country is giving out more than it is receiving in payment. Simply put, the country's imports exceed its exports by the sum of $20 million.