When a nation's exports exceed its imports, it has a

A) trade surplus.
B) trade shortage.
C) trade embargo.
D) exchange rate discrepancy.

Trade Surplus

A situation in which a country's exports exceed its imports.

Exports

Goods or services sent from one country to another for sale or trade.

Imports

goods or services brought into one country from another for sale, often influencing the domestic market's supply and price levels.