Question : If a country exports are less than its import, then balance of trade is said to be in ______.
Option 1: Balanced
Option 2: Surplus
Option 3: Deficit
Option 4: None of the above.
Correct Answer: Deficit
Solution : If a country export are less than its import, then balance of trade is said to be in deficit. Hence option C is correct.
Question : If a country exports are more than its import, then balance of trade is said to be in ______.
Question : When a country's imports exceed its exports, it is said to have a:
Question : When a country's exports of goods and services exceed its imports, it is said to have a:
Question : When a country's imports exceed its exports, it results in:
Question : It refers to the excess of receipts of exports of visible items over the value of receipt of payments for imports of visible items.
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