When the value of a country’s export exceeds her im...
When the value of a country’s export exceeds her imports, there will be a
Deficit current account
Excess visible imports only
Favourable balance of trade
Favourable capital account
Surplus current account
Correct answer is C
A favorable balance of trade occurs when a country's value of commodity exports exceeds the value of commodity imports.
Which of the following will enhance productivity in an economy? ...
In Nigeria, the location of a steel industry at Ajaokuta is due to ...
The economic term used to refer to human wants, desires or needs is known as? ...
A major disadvantage of a capitalist economy is that it ...
All the following are the objectives of economic planning EXCEPT to ...