A country's balance of trade is

Question

Quizplus · Accepted Answer

A country's balance of trade refers to the difference in value between a country's exports and imports of goods and services. A trade deficit occurs when a country imports more than it exports, whereas a trade surplus occurs when a country exports more than it imports. Therefore, the correct answer is C, which encompasses both trade deficits and surpluses. D is also incorrect as it refers to currency devaluation, which may or may not be a consequence of a country's balance of trade.

A Country's Balance of Trade Is