In global trade, when the difference between money coming into a country from exports
and money leaving a country due to imports or money flows from other factors is
known as the
A. balance of payments. C. balance of trade.
B. trade offset. D. trade deficit.
my answer is C
I disagree.
Balance of Trade: The total value of a nation’s exports compared to its imports measured over a particular period
Trade Deficit: An unfavorable balance of trade; occurs when the value of a country’s imports exceeds that of its exports
Balance of Payments: The difference between money coming into a country (from exports) and money leaving the country (for imports) plus money flows from other factors such as tourism, foreign aid, military expenditures, and foreign investment
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just google In global trade, when the difference between money coming into a country from exports
and money leaving a country due to imports or money flows from other factors is known as the and click the first one, its flashcardmachine. (com)
Why wont it let me type the website???
so i was re reading everything and it sounded more like the answer was D but afer what 12 year old poet wrote seems like its A
Your answer is incorrect. The correct answer is A. balance of payments.
To understand why, let's break down the options and explain each one:
A. Balance of payments: This refers to the record of all economic transactions between the residents of one country and the rest of the world over a specific time period. It includes the balance of trade (exports minus imports), as well as other financial flows like foreign investments, remittances, and tourism revenue.
B. Trade offset: This term is not widely used in economics. There is no concept specifically known as "trade offset" in the context of global trade.
C. Balance of trade: This refers to the difference between the value of a country's exports and the value of its imports over a specific time period. It focuses solely on the trade aspect of a country's economic transactions with the rest of the world.
D. Trade deficit: This refers to a situation where a country's imports exceed its exports, meaning that it is spending more on foreign goods and services than it is earning from its own exports.
Given the description provided, the most appropriate answer is A. balance of payments, as it encompasses not only the balance of trade but also other financial flows that affect a country's overall economic position with the rest of the world.