What Is the Meaning of the Balance of Goods and Services

question 31

Multiple Choice

What is the meaning of the balance of goods and services?  

• A) The balance of goods and services is the same as the merchandise trade balance, because services CANNOT be traded. 
• B) The balance of goods and services is equivalent to the trade balance. 
• C) The balance of goods and services is the value of all goods and services exported minus the value of all goods and services imported. 
• D) The balance of goods and services is the value of all tangible products exported minus the value of all tangible products imported.

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Definitions:

Body Tissues

Groups of similar cells that perform specific functions within the body, such as muscle, nerve, epithelial, and connective tissues.

Self-Esteem

An individual's subjective evaluation of their own worth and capabilities.

Firm Idea

A well-defined, strongly held belief or concept that is not easily swayed by opposing arguments.

Body Mass Index

A measurement that compares a person's weight to their height to estimate body fat.