JAMB Commerce 2015 Objective — Question 3

Question 3 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.

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

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

Explanation

A country experiences an unfavourable balance of trade if her visible imports exceed her visible exports.

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