Home » Past Questions » Commerce » The difference between the total payments for imports and the receipts from expo...

The difference between the total payments for imports and the receipts from expo...


Question

The difference between the total payments for imports and the receipts from exports within a given period is referred to as

Options

A) balance of payments

B) balance of trade

C) comparative cost advantage

D) comparative advantage

The correct answer is A.


More Past Questions:


Discussion