When a nation’s exports are greater than its imports
A.
The net foreign trade is zero
B.
an unfavourable balance of payment exist
C.
A favourable balance of payment exists
D.
An un favourable balance of trade exist
E.
A favourable balance of trade exists
Correct Answer: Option E
Explanation
When a nation's exports are greater than its imports, it is said to have a favorable balance of trade, indicating that it is selling more to other countries than it is buying from them.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}