The difference between merchandise exports and imports is called the
A)trade deficit.
B)trade surplus.
C)trade balance.
D)capital account surplus.

Question

Quizplus · Accepted Answer

The difference between merchandise exports and imports is known as the trade balance, which can be positive (surplus) or negative (deficit). Option A and B are incorrect as they only describe the direction of the trade balance, while option D refers to the inflow and outflow of financial assets and liabilities.

The Difference Between Merchandise Exports and Imports Is Called the