Deficit in the balance of payment is financed through
Capital account
Current account
Invisible trade
Visible trade
Correct answer is A
No explanation has been provided for this answer.
A nation's net export is negative when her
Stock of goods is declining
Depreciation exceeds investment
Exports is adjusted upwards
Imports exceeds exports
Correct answer is D
No explanation has been provided for this answer.
Terms of trade is used to describe
The quality of exports
The direction of foreign trades
Purchases on deferred payment basis
The rate at which exports exchange for imports
Correct answer is D
No explanation has been provided for this answer.
International trade is based on the law of
Absolute cost advantage
Variable proportion
Comparative cost advantage
Mutual co-operation
Correct answer is C
No explanation has been provided for this answer.
Expenditure equals revenue
Expenditure is less than revenue
Expenditure is greater than taxation
Direct tax is more than indirect tax
Correct answer is B
No explanation has been provided for this answer.