A Country's Trade Balance Equals

question 9

Multiple Choice

A country's trade balance equals:

• A)the value of tariffs less the number of quotas.
• B)the number of quotas less the value of tariffs.
• C)the value of exports minus the value of imports.
• D)the value of imports minus the value of exports.

---

Definitions:

Negotiation

A dialogue between parties intended to reach a beneficial outcome over a conflict, disagreement, or deal.

Arbitrations

A method of resolving disputes outside the courts, where the parties involved present their case to a neutral third party for a decision.

Trials

Formal judicial proceedings where disputes are resolved and judgments are made based on evidence presented.

Cross-Examination

The interrogation of a witness by the opposing party in a court of law, following the initial examination.