Question

When the value of export exceeds the value of import is called__

(A) export trade

(B) favourable balance of trade

(C) unfavourable balance of trade

(D) import- export balance of trade

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Answer 1

Answer:

When the value of export exceeds the value of import is called favourable balance of trade

Answer 2

Explanation:

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.