The Merchandise Trade Balance Does Not Include

question 117

Multiple Choice

The merchandise trade balance does not include:

• A)exports of refrigerators.
• B)imports of automobiles.
• C)exports of agricultural products.
• D)shipping and insurance services.
• E)imports of food items with heavy tariffs.

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Definitions:

Doctrine of Frustration

A legal principle that excuses parties from fulfilling contract obligations due to unforeseen circumstances rendering the contract impossible, illegal, or radically different.

Serious Traffic Accident

A vehicular accident that results in significant damage, injuries, or fatalities.

Purchase Price

The amount of money that is paid to acquire a good, service, or asset.

Discharged

Released from a legal obligation, duty, or liability.