Question

3. The difference between a country's imports and its exports is
called balance.
A) trade
B) current
C) capital​

Answer 1

Answer:

A . trade

Explanation:

Balance of Trade: It refers to the total value of country's export commodities and total value of imports commodities. Thus, balance of trade includes only visible trade ,i.e movement of goods (exports and imports of goods.)

Balance of trade is a part of the balance of payment statement.

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Answer 2

Answer:

(A) Trade (Answer)

• The difference between a country's imports and its export is called balance of trade.

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