Question

An unfavorable balance of trade occurs when

Answer 1

A favorable balance of trade; occurs when the value of a country's exports exceeds that of its imports.

An unfavorable balance of trade; occurs when the value of a country's imports exceeds that of its exports.


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Answer 2

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Definition of unfavorable balance of trade: An economic occurrence where a country imports more than their total exports per capita.


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Answer - By Choudhary21