JAMB - Commerce (2020 - No. 27)
A country is said to be experiencing an unfavourable balance of trade if her
exports exceed imports
visible imports exceeds Visible exports
visible exports exceed visible imports
imports and exports are equal
Wyjaśnienie
A country experiences an unfavorable balance of trade when its imports exceed exports.
This means if the country spends more money on buying from other countries than what it generates from foreign countries buying from her, the balance of payment would be unfavorable because they are spending more than what they are getting in return