The _____ is defined as the difference in value of a country's exports and imports over a period of time.
A)balance of trade
B)federal deficit
C)federal surplus
D)balance of exchange
E)balance of payments

Question

Quizplus · Accepted Answer

The balance of trade is the difference in value between a country's imports and exports over a period of time, reflecting the country's export health in relation to its imports.

The _____ Is Defined as the Difference in Value of a Country's