Q.

The difference between visible exports and visible imports is defined as -

A. Balance of trade
B. Balance of payment
C. Balanced terms of trade
D. Gains from trade
Answer» A. Balance of trade
Explanation: The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.
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Economics (GK)

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