The balance of trade is the

Question

BlackTom AI · Accepted Answer

To understand the balance of trade, we need to examine what it measures in international economics.
Option 1: 'surplus that occurs when nations engage in exporting.' This is not accurate because a balance of trade is not defined solely as a surplus from exporting; it depends on the relationship between exports and imports, and a country can have a deficit as well.
Option 2: 'state of equilibrium when two neighboring nations participate in countertrade.' Countertrade and bilateral arrangements can affect trade flows, but the balance of trade itself is not defined as an equilibrium state between two nations; it is a broader concept comparing export and import values for a country.
Option 3: 'sum of the monetary value of a nation's exports and imports.' Summing exports and imports would give total trade activity, not the balance between them. The balance of trade focuses on the difference, not the sum.
Option 4: 'difference between the monetary value of a nation's exports and imports.' This correctly captures the definition: if exports exceed imports, the country runs a positive balance (surplus); if imports exceed exports, the balance is negative (deficit).
Option 5: 'monetary value of a nation's exports divided by its imports.' This describes a ratio, not the balance of trade. Ratios can be informative, but they do not equal the balance itself.

The balance of trade is the单项选择题

类似问题

The balance of trade is the

The difference between the monetary value of a nation's exports and imports is called its:

When a government limits its country’s imports and encourages exports, its helps to create which of the following?

If exports are greater than imports, the country is said to have a:

When the total value of exports is higher than the total value of imports, a country experiences a

The balance of trade that Canada has experienced has been...

Which of the following trees corresponds to a potential parse of the ambiguous sentence below, with correct syntactic categories? Some diagnostics are provided.

Which of the following sentences contain two non-finite verbs? Select all that apply.

更多留学生实用工具

智能学习助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单