Asked by Elizabeth Doqaj on May 23, 2024
Verified
A nation's merchandise trade balance reflects _____.
A) trade in tangible products
B) the value of exports of services
C) the value of imports of services
D) the same information as its balance of payments
E) trade in tangibles and intangibles
Merchandise Trade
International trade in goods as opposed to services, including both exports and imports of physical products.
Tangible Products
Physical items that can be touched, seen, and measured, such as electronics, clothing, and furniture.
Intangibles
Non-physical assets such as patents, copyrights, brand recognition, and goodwill that have value but are not physical objects.
- Understand the components of a nation's merchandise trade balance.
Verified Answer
JM
Jessica McIntoshMay 27, 2024
Final Answer :
A
Explanation :
A nation's merchandise trade balance only reflects the trade in tangible products, such as goods that can be physically touched or seen, and doesn't account for intangible goods or services.
Learning Objectives
- Understand the components of a nation's merchandise trade balance.