Question

4)Explain graphically the difference in types of balances of
trade.
note : brief answer only​

Answer 1

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Includes only visible imports and exports, i.e. imports and exports of merchandise. The difference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourable balance of trade...Sep 24, 2019

Answer 2

Answer:

Includes only visible imports and exports, i.e. imports and exports of merchandise. Thedifference between exports and imports is called the balance of trade. If imports are greater than exports, it is sometimes called an unfavourablebalance of trade.