The Difference Between Exports and Imports of Goods Is the

question 174

Multiple Choice

The difference between exports and imports of goods is the

• A) balance of trade.
• B) balance of payments.
• C) balance of accounts.
• D) balance of paying.

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Definitions:

Red Army

Originally the army and air force of the Russian Soviet Federative Socialist Republic, it became known for its role in defeating Nazi Germany in World War II.

Nazi Death Camp

Places where millions of Jews and other victims were systematically exterminated by the Nazis during World War II.

Harry S. Truman

The 33rd President of the United States, known for his decision to use atomic bombs against Japan in WWII and initiating the Marshall Plan to rebuild Europe.

Soviet Union

A Eurasian socialist nation that was in existence from 1922 to 1991, formally called the Union of Soviet Socialist Republics (USSR).