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A country is said to be experiencing an unfavourable balance of trade if her

Commerce
JAMB 2020

A country is said to be experiencing an unfavourable balance of trade if her

  • A. exports exceed imports
  • B. visible imports exceeds Visible exports
  • C. visible exports exceed visible imports
  • D. imports and exports are equal
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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Correct Answer: Option B
Explanation

A country experiences an unfavorable balance of trade when its imports exceed exports.

This means if the country spends more money on buying from other countries than what it generates from foreign countries buying from her, the balance of payment would be unfavorable because they are spending more than what they are getting in return

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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free