Two key indicators of the effectiveness of global trade are:
A) The amount of countertrade and the balance of payments
B) The cost of labor and raw materials
C) The balance of payments and the balance of trade
D) The balance of trade and the balance of countertrade

Question

Quizplus · Accepted Answer

The balance of payments and the balance of trade are the two key indicators of the effectiveness of global trade. The balance of payments refers to the overall flow of money into and out of a country's economy, which includes all imports and exports, as well as capital flows and other financial transactions. The balance of trade, on the other hand, refers specifically to the difference between a country's exports and imports of goods and services. By measuring these two indicators, policymakers can assess the overall effectiveness of international trade in bringing economic benefits to their country.

Two Key Indicators of the Effectiveness of Global Trade Are