Balance of trade involves the exchange of
...Balance of trade involves the exchange of
Goods only
Services only
Goods and services
Goods and capital
Correct answer is C
Balance of trade is the difference between the value of a country's exports and the value of its imports. These exports and imports include both goods and services.
In long run, all factors inputs are ...
Demand-pull inflation is likely to be caused by ...
Which of the following is a measure of central tendency? ...
One of the functions of of the international Monetary Fund (IMF) is to ...
The market price of a commodity is normally determined by the ...
An economic system in which the state owns and controls the means of production is known as ...
The demand for a factor input as a result of the demand for its output is known as ...