Asked by Maddie Murch on May 06, 2024
Verified
Our balance of trade is part of our _______________.
Balance Of Trade
The difference between a country's exports and imports over a certain period, indicating whether a country has a surplus or deficit in trade.
Part
A component or piece that combines with other pieces to form a whole machine, system, or object.
- Gain understanding of the balance of payments and its elements.
- Understand the ideas surrounding trade deficits and surpluses, along with their consequences.
Verified Answer
SC
Learning Objectives
- Gain understanding of the balance of payments and its elements.
- Understand the ideas surrounding trade deficits and surpluses, along with their consequences.
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