The Difference Between the Exports and Imports of Goods in a Country

question 30

Multiple Choice

The difference between the exports and imports of goods in a country is referred to as the

• A) balance of payments.
• B) balance of trade.
• C) balance of power.
• D) exchange rate.

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Definitions:

Equity

The concept of fairness and justice in the legal system, often leading to remedies not provided by common law.

Fairness

The state of being impartial, just, and equitable in decisions or actions.

British North America Act

The primary document that marked the inception of Canada as a self-governing dominion in 1867; now known as the Constitution Act, 1867.

Constitutional History

The study of the evolution and historical development of a country's constitution, including significant amendments and legal challenges.