The Value of Exports Minus the Value of Imports Is

question 117

Multiple Choice

The value of exports minus the value of imports is called the:

• A) trade value.
• B) net budget balance.
• C) balance of trade.
• D) net trade value.

---

Definitions:

Partnership Profits

The earnings generated from a business operation that are shared among partners according to the terms of their partnership agreement.

Implied Authority

Authority that is not explicitly stated but is assumed to be granted due to the nature of a job or position.

Written Agreement

A document that outlines the terms and conditions agreed upon by parties, serving as a formal contract.

Partners

Individuals who share ownership of a business and its operations, including sharing the profits and liabilities of the business.