If there is a favourable balance of payments, it means that
a country exports manufactured goods and imports raw materials.
a country imports more than it exports for each country with which it trades.
a country exports more than it imports for each country with which it trades.
the country has more money flowing into it than out as a result of trade and other transactions.
a country exports raw materials and imports manufactured goods.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q29: A nation's balance of trade is
the relative
Q30: The theory of national competitive advantage derives
Q31: If the Canadian dollar becomes weak compared
Q32: All of the following are included in
Q33: Which of the following best explains why
Q35: As the value of a country's currency
Q36: If Japan's total exports are $12 billion
Q37: The difference between absolute and comparative advantages
Q38: According to the World Economic Forum's global
Q39: Which of the following best explains why
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents