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A country is said to achieve a trade surplus when total

Commerce
WAEC 2013

A country is said to achieve a trade surplus when total

  • A. visible exports exceed total visible imports
  • B. invisible exports exceed total invinsible imports
  • C. visible exports exceed total invisible imports
  • D. visible imports exceed total visible exports
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Correct Answer: Option A
Explanation

Trade surplus is achieved When the amount by which the value of a country's exports exceeds the cost of its imports.

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