Complete the following using the terms listed.
-A country's _____ is the difference between its exports and imports.
A)offshoring
B)balance of trade
C)joint venture
D)Dumping
E)Imports
F)tariff
G)International Monetary Fund
H)World Trade Organization
I)free trade area
J)Devaluation
K)exchange rate
L)absolute advantage
M)global business strategy
N)Quota
O)multidomestic strategy
P)balance of payments
Q)comparative advantage

Question

Quizplus · Accepted Answer

The term "balance of trade" refers specifically to a country's exports and imports, and the difference between the two is known as the balance of trade.

Note: Some of the other terms listed are related to international trade and finance, but do not specifically refer to a country's exports and imports.

Complete the Following Using the Terms Listed