Balance of Trade Refers to

question 87

Multiple Choice

Balance of trade refers to

• A)the sum of all a nation's imports and exports.
• B)the difference between the monetary value of a nation's exports and imports.
• C)the comparison of total exports from one country to another.
• D)the difference between projected sales and actual sales for a nation's exports.
• E)the state of equilibrium when two neighboring nations participate in countertrade.

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