Balance of trade can be defined as

A) a scale that represents gains and losses based upon imports and exports.
B) the relationship between a country's imports and exports; in favorable balance, the value of exports exceeds imports.
C) an economic theory that measures a country's wealth by its stock of precious metals, accrued through a favorable balance of trade.
D) equanimity in the goods being brought into the country with the goods being exported.
E) the principle of taking in less than you are exporting to continue to reach profitability margins.


B

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What will be an ideal response?

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