The difference between ________ is known as the trade balance.
A) exports and imports
B) production and exports
C) consumption and imports
D) investment and consumption

Question

Quizplus · Accepted Answer

Trade balance refers to the difference between a country's exports and imports. Option A correctly identifies exports and imports as the two components that make up the trade balance. Options B, C, and D focus on other economic indicators, but not the trade balance specifically.

The Difference Between ________ Is Known as the Trade Balance