combine-the-concepts-of-exports-and-imports-to-explain-the-significance-of-the-b

Question

Combine the concepts of exports and imports to explain the significance of the Balance of Trade in international trade.

Accepted Answer

The Balance of Trade reflects a country's economic health by showing whether it is a net exporter or importer, influencing currency value and international relations.

Answer

The Balance of Trade solely determines a country's GDP growth rate.

Answer

The Balance of Trade is a measure of a country's political stability.

Answer

The Balance of Trade is irrelevant to international trade as it only affects domestic markets.