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    Question

    The balance of trade is the difference between the value

    of:
    A export and quantity Correct Answer Incorrect Answer
    B import and supply Correct Answer Incorrect Answer
    C export and import Correct Answer Incorrect Answer
    D import and quantity Correct Answer Incorrect Answer

    Solution

    The balance of trade is the difference between the value of a country's exports (goods and services it sells to other countries) and its imports (goods and services it buys from other countries).

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