All of the following terms are associated with international trade EXCEPT:
A)absolute advantage
B)balance of payments
C)balance of trade
D)discount rate
E)comparative advantage

Question

Quizplus · Accepted Answer

The discount rate is primarily associated with monetary policy rather than international trade. It is the interest rate charged by central banks on loans to commercial banks, influencing domestic economic conditions rather than trade between nations. Absolute advantage, balance of payments, balance of trade, and comparative advantage are all directly related to international trade. Absolute and comparative advantage refer to the efficiency of producing goods between countries, while balance of payments and balance of trade involve the calculation of transactions between countries.

All of the Following Terms Are Associated with International Trade