A nation has an unfavorable balance of trade when
a. it has a surplus in its balance of payments
b. it has a deficit in its balance of payments
c. the value of its imports of goods is greater than the value of its exports of goods
d. its current account is in surplus and its capital account is in deficit
e. it has high tariffs
C
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What will be an ideal response?
Which currency is most commonly traded?
What will be an ideal response?
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