The Balance of Trade Is the

question 182

Multiple Choice

The balance of trade is the

• A) difference between the monetary value of a nation's exports and imports.
• B) sum of the monetary value of a nation's exports and imports.
• C) monetary value of a nation's exports divided by its imports.
• D) surplus that occurs when nations engage in exporting.
• E) state of equilibrium when two neighboring nations participate in countertrade.

---

Definitions:

Salesperson

An individual who sells goods and services to others in exchange for money or other compensation.

Chamber of Commerce

A local or national organization of business owners and professionals aiming to promote and protect the interests of its members.

Census Data

Demographic information collected by a government systematically enumerating its population at a specific point in time, often used for research, planning, and policy making.

Trade Shows

Major events attended by buyers who choose to be exposed to products and services offered by potential suppliers in an industry.