Balance of trade can be define as
ECONOMICS
WAEC 1995
Balance of trade can be define as
- A. the value of import in relation to the value of a country's exports
- B. the price ratio of imports as against that of exports
- C. equality in the total receipts and payments of a country in a year
- D. percentage value of imports over percentage value of exports
Correct Answer: A. the value of import in relation to the value of a country's exports
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