Categories: Economics NECO

In international trade; when payments of a country are higher than the receipts; then the balance of payment is?
In international trade; when payments of a country are higher than the receipts; then the balance of payment is?In international trade; when payments of a country are higher than the receipts; then the balance of payment is?

A. favourable
B. in equilibrium
C. perfect
D. unfavourable
E. uniform

Correct Answer:

Option D – unfavourable

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