The Trade Balance Is

question 4

Multiple Choice

The trade balance is

• A)by definition, identical to the current account balance.
• B)is a major portion, but not the only component, of the current account balance.
• C)almost invariably larger than the financial account balance.
• D)the largest component of the financial account.

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Definitions:

Free Resource

A resource that is abundantly available and not limited by price mechanisms or ownership, making it freely accessible to all.

Demand Curves

A graphical representation that shows the relationship between the quantity of a good consumers are willing to buy and its price.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Landowners

Individuals or entities that hold legal ownership of land or real estate.