Scelta multipla
Which of the following best describes how exporting and importing affect relationships between businesses and among nations?
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9. International Trade
Exporting and Importing
Scelta multipla
Based on the table, the nation's trade balance is equal to which of the following?
A
The value of imports minus the value of exports
B
The sum of exports and imports
C
The difference between government spending and tax revenue
D
The value of exports minus the value of imports
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Understand the concept of the trade balance: It measures the difference between the value of a country's exports and imports over a certain period.
Recall the formula for the trade balance: \(\text{Trade Balance} = \text{Exports} - \text{Imports}\).
Identify the values of exports and imports from the given table or data.
Subtract the value of imports from the value of exports using the formula above.
Interpret the result: A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
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