πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Balance of trade is the

      _______________.
      A Difference between export and import of services Correct Answer Incorrect Answer
      B Total export and import of services Correct Answer Incorrect Answer
      C Difference between export and import of goods Correct Answer Incorrect Answer
      D Total export and import of goods Correct Answer Incorrect Answer

      Solution

      Balance of trade refers to the difference between the value of goods (exports) a country sells to other countries and the value of goods (imports) it buys. It provides insights into a nation's trade performance in terms of tangible items.

      Practice Next

      Relevant for Exams:

      ask-question