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When a nation's exports are greater than its imports, ____________
Classroom
Economics Classroom
Jamb
Jamb 2021
International Trade
Balance Of Trade And Balance Of Payments
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When a nation's exports are greater than its imports, ____________
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
The net foreign trade is zero
B
A favourable balance of trade exists
C
A favourable balance of payment exists
D
An unfavourable balance of trade exists
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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