Practicing Success
If the value of exports is more than the value of imports, then the country has a _____. |
negative balance of trade positive balance of trade zero balance of trade neutral balance of trade |
positive balance of trade |
Balance of trade records the volume of goods and services imported as well as exported by a country to other countries. If the value of imports is more than the value of a country’s exports, the country has negative or unfavourable balance of trade. If the value of exports is more than the value of imports, then the country has a positive or favourable balance of trade. |