WAEC Commerce 2013 Objective — Question 43
Question 43 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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A country is said to achieve a trade surplus when total visible exports exceed total visible imports
- A. visible exports exceed total visible importsCorrect
- B. invisible exports exceed total visible imports
- C. visible imports exceeds total invisible imports
- D. invisible imports exceeds total visible imports
Explanation
A country achieve a trade surplus if the total visible export exceeds total visible import.
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