Question

Factors affecting balance of trade include all except
a) Endowment factors b) Supply
c) Productive factors d) Basic balance​

Answer 1

Answer:

Balance of trade is defined as a nation's net exports, or its exports minus imports.

When exports exceed imports, the nation has a trade surplus, and when imports exceed exports, the nation has a trade deficit.

Factor endowments, such as labor, affect the balance of trade by what is produced and by whom.

International trade is largely affected by the demand for a nation's goods and services.

Explanation:

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