A country is said to be experiencing an unfavorable balance of trade if her

Assessment: JAMB UTME - Commerce - 2013 Subject: Commerce

Question 1 Report

A country is said to be experiencing an unfavorable balance of trade if her
Answer Details
An unfavorable balance of trade occurs when a country's visible imports (goods and services purchased from other countries) exceed its visible exports (goods and services sold to other countries). In other words, the country is buying more goods and services from other countries than it is selling to them. This can lead to a negative trade balance, meaning the country is running a trade deficit. This can have negative economic consequences, such as a decrease in the value of the country's currency, a decrease in domestic production, and an increase in unemployment.
Read lesson note on Trade (WAEC)
Read lesson note on Commerce (JAMB)
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