If export is less than import, there is a ….. in balance of trade.
A) Surplus
B) Deficit
C) Favourable
D) Balance
Correct Answer:
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Q10: The category that do not includes in
Q11: The expression (X-M) denotes
A)The balance of trade
B)The
Q12: If the difference between exports and imports
Q13: The current account BOP deficit will be
Q14: In the equation Y=C+I+G+(X-M), G denotes
A)General expenditure
B)Government
Q16: In the equation B=Rf-Pf, Pf represents
A)Payments made
Q17: The difference between exports and imports of
Q18: Under direct control measures, the government aims
Q19: Given the foreign exchange rate and prices
Q20: Devaluation results in
A)Increase in domestic price of
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