Balance of trade can be define as

Economics WAEC 1995

Balance of trade can be define as

  • the value of import in relation to the value of a country's exports checkmark
  • the price ratio of imports as against that of exports
  • equality in the total receipts and payments of a country in a year
  • percentage value of imports over percentage value of exports
  • price of exports versus price of imports

The correct answer is: A

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