Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which one of the following does not describe balance of trade? Part 2 A. Balance of trade shows when exports are larger than imports, there

Which one of the following does not describe balance of trade? Part 2 A. Balance of trade shows when exports are larger than imports, there is a trade surplus. B. Balance of trade is the largest item in the current account. C. Balance of trade is the difference between the value of goods a country exports and the value of goods a country imports. D. Balance of trade is equal to the sum of current account balance and financial account balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics for Managers

Authors: Paul G. Farnham

3rd edition

132773708, 978-0133561128, 133561127, 978-0132773706

More Books

Students also viewed these Economics questions

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago