Balance of trade incorporates trade with all foreign nations.

A. True
B. False

Question

12-06-2024
Social Studies

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Balance of trade incorporates trade with all foreign nations.

A. True
B. False

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-12T15:44:01-04:00

Final answer:

Balance of trade measures a nation's exports and imports but does not guarantee balanced trade with all partners.

Explanation:

Balance of trade is the gap between a nation's exports and imports of goods and services. It does not necessarily imply balanced trade with each trading partner. Even if a country's overall balance of trade is equal, individual trade balances with different partners can vary.

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