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Which of the following factors can lead to an improvement in a country's trade balance?
  • a)
    Decrease in exports and increase in imports
  • b)
    Increase in exports and decrease in imports
  • c)
    Increase in both exports and imports
  • d)
    Decrease in both exports and imports
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following factors can lead to an improvement in a country...
 Improving a country's trade balance requires increasing exports (earning more from selling goods abroad) and decreasing imports (spending less on buying goods from foreign countries).
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Which of the following factors can lead to an improvement in a countrys trade balance?a)Decrease in exports and increase in importsb)Increase in exports and decrease in importsc)Increase in both exports and importsd)Decrease in both exports and importsCorrect answer is option 'B'. Can you explain this answer?
Question Description
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