Question

2) When the value of exports is more than the value of imports, it is called unfavorable
balance of trade. true or false​

Answer 1

Answer:

If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus.

Explanation: