Economics · Economy
Select the correct answer from the options given below based on the statements: Assertion (A): Balance of trade records the value of goods imported as well as exported by a country to other countries. Reason (R): If the value of exports is more than the value of imports, the country has a negative balance of trade.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (A) and (R) are true and (R) is the correct explanation of (A)
- 2Both (A) and (R) are true, but (R) is not the correct explanation of (A)
- 3(A) is true but (R) is false✓
- 4(A) is false but (R) is true
Correct answer
(A) is true but (R) is false
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