Which of the Following Statements Defines Trade Balance

question 47

Multiple Choice

Which of the following statements defines trade balance?

• A)The trade balance is the sum of the services balance,the current account balance,and the capital account balance.
• B)The trade balance is merchandise exports minus merchandise imports.
• C)The trade balance is the sum of the current account balance and the capital account balance.
• D)The trade balance is foreign purchases of domestic assets minus domestic purchases of foreign assets.
• E)The trade balance is the sum of the services balance and the capital account balance.

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Definitions:

Wage Discrimination

The practice of paying employees differently for the same work based on gender, race, age, or other non-performance-related factors.

Seniority System

A system in a workplace where employee benefits such as promotions and layoffs are determined based on the length of service.

Strategic Objectives

High-level goals aligned with an organization's mission and vision, focused on achieving long-term success.

Compensation System

A structured plan designed by organizations to pay its employees, including wages, benefits, bonuses, and raises.