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Economics Question: Explain the concept of the trade balance in the context of a country's balance of payments, and how does it relate to international
Economics Question: Explain the concept of the "trade balance" in the context of a country's balance of payments, and how does it relate to international trade and economic stability? A The trade balance has no relation to a country's balance of payments. B The trade balance measures the difference between a country's exports and imports of goods and services; a trade surplus occurs when exports exceed imports, potentially contributing to economic stability, while a trade deficit occurs when imports exceed exports, potentially leading to economic imbalances. C The trade balance only considers government spending and has no connection to international trade. D The trade balance is the total revenue earned by a country from foreign investments.
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