The following statements describe the meaning of International trade, Terms of trade, Balance of trade and visible exports. Type in the one that suits best the description.
Description |
Type of Trade |
a) Ratio at which a country's exports exchange with its imports. |
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b) The difference between the value of visible exports and imports over a long period of time. |
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c) Exchange of goods and services between two or more countries. |
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d) Physical or tangible goods a country sells to other countries |
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