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The difference between the value of a country's exports and its imports is the:
ABalance of trade
BBalance of taxes
CBalance of terms
DBalance of tenure
Answer & Solution
Correct answer: A. Balance of trade
1. Only goods flows are compared here.
2. The gap may fall either way.
3. It is the balance of trade.
_Source: OpenStax Introduction to Business, Chapter 3, Competing in the Global Marketplace._
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