McqMate
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. |
View all MCQs in
Economics (GK)No comments yet