Which of the following is a situation of adverse balance of trade?
An adverse (or unfavourable) Balance of Trade—also known as a trade deficit—occurs when the monetary value of a country's merchandise imports exceeds the monetary value of…
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Which of the following is a situation of adverse balance of trade?
Answer and explanation
Correct answer A
An adverse (or unfavourable) Balance of Trade—also known as a trade deficit—occurs when the monetary value of a country's merchandise imports exceeds the monetary value of its merchandise exports during a given accounting period.
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UGC NET Commerce