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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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