When the value of a nation’s export is greater than...
When the value of a nation’s export is greater than its imports
A favourable balance of trade exists
An unfavourable balance of payment exists
The net foreign trade is zero
Inflation occurs
Correct answer is A
No explanation has been provided for this answer.
A nation with a working population that is insufficient to exploit its resources is said to be ...
Demand for a factor of production is ...
A characteristic of the average fixed cost is that, it ...
The best measure of dispersion to determine the tallest tree in a forest is ...
One major criticism of foreign aid to developing countries is that it ...
In the diagram above what happens when the minimum wage is fixed at OW? ...
The movement of goods and services from the producers to the consumers is referred to as ...
The major contribution of the petroleum industry to the Nigerian economy is the ...
If the price per unit is N2, what is the average revenue when 6 men are employed? ...
A perfect competitor will continue to expand output up to the point where ...