When does a nation have an unfavourable balance of trade?
A) when the nation has a surplus in its balance of payments
B) when the nation has a deficit in its balance of payments
C) when the value of the nation's imports of goods is greater than the value of its exports of goods
D) when the nation's current account is in surplus and its capital account is in deficit
Correct Answer:
Verified
Q1: What is the meaning of the balance
Q3: Which of the following is NOT included
Q4: Which term refers to Canadian investment earnings
Q5: What does the current account reflect?
A) trade
Q6: What does the merchandise trade balance measure?
Q7: With which region did Canada have the
Q8: Which of the following is NOT classified
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