Question

33. When a nation's exports are greater than its imports, Select one: a. a "favorable" commodity...

33. When a nation's exports are greater than its imports, Select one:

a. a "favorable" commodity balance of trade exists.

b. the rate of unemployment must be falling

c. net foreign trade must be zero.

d. an "unfavorable" commodity balance of trade exists.

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Answer #2

Option A

  • When a nation Exports more products than its imports,a favourable balance of trade exists.
  • This is because when the nation's exports of any commodity exceeds its imports,money is flowing into the country.
  • When this happens, the country can earn maximum profits by increasing the Exports which will help in improving the standard of living of that country.
  • The favourable balance of trade will help the country to gain competitive advantage by earning more capital for each export. This will increase the income generated in the country which will eventually reduce the unemployment rate.
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