A country is said to have been unfavorable balance of trade when her?
GEOGRAPHY
JAMB 1997
A country is said to have been unfavorable balance of trade when her?
- A. tangible imports are greater in value than the tangible exports
- B. tangible exports are greater in value than the tangible imports
- C. total payments for all visible and invisible imports exceed the corresponding total,exports
- D. total receipts from all visible and invisible exports exceed the corresponding imports
Correct Answer: C. total payments for all visible and invisible imports exceed the corresponding total,exports
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