Single Answer MCQ
Q-00014339
When a country exports more than it imports, it is said to have a:
1
Unfavorable balance of trade
2
Favorable balance of trade
3
Trade deficit
4
Trade embargo
Answer and Solution
Answer
B. Favorable balance of trade
Solution:
A favorable balance of trade indicates that the value of a country's exports exceeds the value of its imports, contributing positively to its economy.
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