Question

What will be the nature of balance of trade if imports are of manufactured goods?

A)Neutral

b)Positive

c)Negative

Answer 1

b). Positive

Step-by-step explanation:

The nature of the balance of trade if imports are of manufactured goods is POSITIVE

Considering that Balance of trade is a term that is used to describe the difference between the imports and exports value of a country over a given period.

Hence, when a country manufactured goods instead of importing them, the balance of trade is believed to be Positive.

On the other hand, when a country imports goods instead of manufacturing them, the balance of trade is believed to be negative.