A Nation Has an Unfavorable Balance of Trade When _____

question 87

Multiple Choice

A nation has an unfavorable balance of trade when _____

• A) it has a surplus in its balance of payments.
• B) it has a deficit in its balance of payments.
• C) the value of its imports is greater than the value of its exports.
• D) merchandise exports exceed merchandise imports.
• E) it has high tariffs.

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