The difference between a country's ________ exports and its ________ imports is the balance of trade.

Question

Quizplus · Accepted Answer

The difference between a country's merchandise exports (goods that are physically shipped out) and its merchandise imports (goods that are physically shipped in) is the balance of trade. The other choices (A, B, and C) are not correct because they involve total exports and/or service exports/imports, which are not the only components that make up a country's balance of trade.

The Difference Between a Country's ________ Exports and Its ________

The Difference Between a Country's Exports and Its