The aggregation of importing and exporting by both sides leads to a:
A) Balance of trade
B) Trade surplus or deficit
C) Different nation s trade
D) Both a balance of trade and a trade surplus or deficit

Question

Quizplus · Accepted Answer

The aggregation of importing and exporting by both sides leads to both a balance of trade and a trade surplus or deficit. The balance of trade refers to the difference between a country's exports and imports, while a trade surplus or deficit refers to when a country either exports more than it imports (surplus) or imports more than it exports (deficit). The import-export relationship between two nations results in both a balance of trade (where the value of imports and exports is equal) and a trade surplus or deficit (where the value of imports exceeds exports or vice versa). Therefore, option D is the correct answer. Option A (balance of trade) is partially correct, but it does not reflect the possibility of a trade surplus or deficit. Option B (trade surplus or deficit) is also partially correct, as it does not account for a balance of trade. Option C (different nation's trade) is vague and does not accurately reflect the relationship between importing and exporting.

The Aggregation of Importing and Exporting by Both Sides Leads