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.
Answer (1)
19th Jan, 2024
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.
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