Question : It refers to the excess of payment for a Imports of visible items over the value of receipt of exports of visible items.
Option 1: Trade surplus
Option 2: Trade deficit
Option 3: Balance trade
Option 4: None of the above.
Correct Answer: Trade deficit
Solution : Trade deficit refers to the excess of payment for a Imports of visible items over the value of receipt of exports of visible items. Hence, Option B is correct.
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.
Question : _________ refers to difference between the amount of exports and imports of goods.
Question : The difference in the value of visible exports and visible imports is called :
Question : What is the term used to describe the total value of a country's exports minus the total value of its imports?
Question : When a country's imports exceed its exports, it is said to have a:
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