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Question

Which of the following statement(s) is/ are not true?

A
When the imports are more than the exports, it is a positive balance of trade.
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B
When the exports are more than the imports, it is a negative balance of trade.
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C
When the exports are more than the imports, it is a positive balance of trade.
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D
When the exports are less than the imports, it is a negative balance of trade.
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Solution

The correct options are
A When the imports are more than the exports, it is a positive balance of trade.
B When the exports are more than the imports, it is a negative balance of trade.
If a country’s exports are more than its imports we call it a positive balance of trade or a favourable balance of trade. If its exports are less than imports we call it a negative balance of trade or an unfavourable balance of trade.

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