A country has a surplus in its balance of visible trade i...
A country has a surplus in its balance of visible trade if
The value of imports exceeds the value of exports of goods
The value of exports exceeds the value of import of goods
The value of goods exported is equal to the value of goods imported
It is able to spend a lot on capital programmes
Commercial banks assets increase
Correct answer is B
A surplus in the balance of trade occurs when exports exceed imports
The concept of marginal utility indicates the relationship between utility and _________? ...
The gains from international trade are shared on the basis of the ...
Palm oil and palm kernel are in ...
Amount of goods offered to the market at respective prices and presented in a table is called ...
In a free market system, trading can only take place when the ...
Regressive tax is not a good tax system because it ...
Under perfect competition, the short-run supply curve of a firm is determined by its ...
In the long run, all production factors are? ...
The major objective of a revenue allocation formula in a country is to ...