Asked by Anthony Amaya on Jul 24, 2024
Verified
A nation's balance of trade on goods is equal to its exports of goods less its imports of
A) goods.
B) capital.
C) financial assets.
D) official reserves.
Balance Of Trade
The difference between a country's exports and imports of goods, without including services.
Goods Exports
Refers to the selling and shipment of tangible products from one country to another, contributing to a nation’s gross domestic exports.
Goods Imports
The process of bringing goods from foreign countries into one’s own country for use or sale.
- Understand the components and significance of a nation's balance of trade.
Verified Answer
YW
Yahriel WaltonJul 29, 2024
Final Answer :
A
Explanation :
A nation's balance of trade on goods is calculated by subtracting its imports of goods from its exports of goods.
Learning Objectives
- Understand the components and significance of a nation's balance of trade.
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