camdentinsley116 camdentinsley116

12-06-2024
Social Studies

Answered

Balance of trade incorporates trade with all foreign nations.

A. True
B. False

Answer :

GinnyAnswer GinnyAnswer

12-06-2024

Final answer:

Balance of trade measures a nation's exports and imports but does not guarantee balanced trade with all partners.

Explanation:

Balance of trade is the gap between a nation's exports and imports of goods and services. It does not necessarily imply balanced trade with each trading partner. Even if a country's overall balance of trade is equal, individual trade balances with different partners can vary.

Learn more about Balance of trade here:

https://brainly.com/question/38692040

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