JAMB Commerce 2013 Objective — Question 5

Question 5 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.

A country is said to be experiencing an unfavourable balance of trade if her

A. visible exports exceed visible imports
B. imports and exports are equal
C. visible imports exceed visible exportsCorrect
D. exports exceed imports

Explanation

Balance of trade is the difference between total receipts from visible exports and total payments for visible imports. It is favourable if receipts exceed payments, and unfavourable in the reverse case (visible imports exceeding visible exports).

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