4 When the value of export exceeds the value of imports is called?
A. Export trade.
B. Favorable balance of trade.
C. Unfavorable balance of trade.
D. Import export balance of trade.
Answers
Answered by
0
Answer:
Balance of trade is also known as net export, trade balance, or international trade balance. Also, it is considered as a part of the current account. It is usually a difference between the country’s exports and imports of goods for a given period of time.
In this, imports and exports of services are not included. The services include invisible items like insurance, banking, interest, dividends on assets, profits, software services, etc. These items are termed as invisible because you cannot see them in cross border trades.
Answered by
0
Answer:
its answer was
import and export balance of trade.
HOPE IT WILL HELPFULL YOU
HAVE A NICE DAY
PLEASE MARK ME BTAINLIST
Similar questions