The balance of trade is:
A) The number used in countertrade to be sure the trade is fair
B) A nation's ratio of exports to imports
C) The value of a country's exports
D) The value of a country's imports

Question

Quizplus · Accepted Answer

The balance of trade is a nation's ratio of exports to imports, meaning the calculation of the difference between the value of a country's exports and imports. It is an important economic indicator for measuring the strength of a country's economy and its international trade relationships.

The Balance of Trade Is