Single Answer MCQ
Q-00044464
Which term refers to the excess of imports over exports?
1
Favorable balance of trade
2
Unfavorable balance of trade
3
Trade equilibrium
4
Trade surplus
Answer and Solution
Answer
B. Unfavorable balance of trade
Solution:
An unfavorable balance of trade indicates that imports exceed exports, leading to negative trade implications. Conversely, a favorable balance means exports are greater.
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