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WAEC Commerce 2002 Question 19

Question 19

Foreign Trade

An unfavourable balance of trade for a country means that her

  1. A.exports exceed imports
  2. B.visible imports exceed visible exports
  3. C.invisible exports exceed visible imports
  4. D.imports and exports are equal
Show the answer and explanation

Answer: B (visible imports exceed visible exports)

Explanation

Balance of trade compares visible items; it is unfavourable when visible imports are greater than visible exports.