The balance of trade is defined as
A) the difference between the balance of the current account and the balance of the capital account.
B) the difference between the value of the goods and services a country exports and the value of the goods and services a country imports.
C) the difference between the value of the goods a country exports and the value of the goods a country imports.
D) the difference between the balance of the current account and the balance of the financial account.
E) the difference between the volume of goods sold to other countries and the volume of goods bought from other countries.
Correct Answer:
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Q4: Many Canadian natural resource companies run mines
Q5: Based on the following information, what is
Q6: The current account does not include which
Q7: An increase in capital outflows from Canada
Q8: An open economy is an economy that
Q9: Which of the following is not included
Q10: When net capital flows are positive,
A)capital inflows
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