Our balance of trade is part of our _______________.

Balance Of Trade

The difference between a country's exports and imports over a certain period, indicating whether a country has a surplus or deficit in trade.

Part

A component or piece that combines with other pieces to form a whole machine, system, or object.

Gain understanding of the balance of payments and its elements.
Understand the ideas surrounding trade deficits and surpluses, along with their consequences.

Verified Answer

Final Answer :

balance of payments

Learning Objectives

Gain understanding of the balance of payments and its elements.
Understand the ideas surrounding trade deficits and surpluses, along with their consequences.