A country's balance of trade is the difference between its:

Question

Quizplus · Accepted Answer

A country's balance of trade is the difference between its exports and imports. If a country exports more than it imports, it has a trade surplus, and if it imports more than it exports, it has a trade deficit. The balance of trade is an important indicator of a country's economic health as it affects its currency exchange rates, inflation, and trade policies. Choices A, B, and D are not correct as they do not relate to the balance of trade.

A Country's Balance of Trade Is the Difference Between Its