Commerce
JAMB 2020
A country is said to be experiencing an unfavourable balance of trade if her
-
A.
exports exceed imports
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B.
visible imports exceeds Visible exports
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C.
visible exports exceed visible imports
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D.
imports and exports are equal
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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