Asked by
David Lozano
on Dec 13, 2024
Verified
The balance of trade is the
A) difference between the monetary value of a nation's exports and imports.
B) sum of the monetary value of a nation's exports and imports.
C) monetary value of a nation's exports divided by its imports.
D) surplus that occurs when nations engage in exporting.
E) state of equilibrium when two neighboring nations participate in countertrade.
Balance of Trade
The difference between a country's exports and imports of goods over a certain period, indicating the economic health of a nation.
Monetary Value
The worth of a good, service, or asset expressed in terms of money; often determined by market forces.
Difference
The distinct characteristic or aspect that sets something apart from others.
- Comprehend the balance of trade and its effects on a country’s economy.
Verified Answer
RL
Learning Objectives
- Comprehend the balance of trade and its effects on a country’s economy.
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