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.
Option 1: Trade surplus
Option 2: Trade deficit
Option 3: Balance trade
Option 4: None of the above.
Correct Answer: Trade surplus
Solution : Trade surplus refers to the excess of receipts of exports of visible items over the value of payments of imports of visible items. Hence, Option A is correct.
Question : It refers to the excess of payment for a Imports of visible items over the value of receipt of exports of visible items.
Question : The difference in the value of visible exports and visible imports is called :
Question : When a country's imports exceed its exports, it is said to have a:
Question : When a country's imports exceed its exports, it results in:
Question : When a country's exports of goods and services exceed its imports, it is said to have a:
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