alleryWhen is a country's balance of trade called favourable?
AExports equal imports
BImports exceed exports
CImports are zero
DExports exceed imports
Answer & Solution
Correct answer: D. Exports exceed imports
A favourable balance of trade exists when the value of exports is higher than the value of imports.
Keep practising Resources, Agriculture & Minerals
Browse all Resources, Agriculture & Minerals questions for CBSE Class 10, or explore more Social Science topics.
Related questions
Iron ore concentrates from which mines are exported through New Mangalore port?Which port sits at the entrance of a lagoon and has a natural harbour?Which term describes the difference between a country's exports and imports?Which national broadcaster runs one of the largest terrestrial networks in the world?What role do roads play for railway stations, airports and seaports?Which roads link a state capital with the district headquarters?Which Konkan line runs along the west coast and eases movement of goods and people?Which city's suburban railway was established in 1854?