Question

The balance of trade measures the
a. difference between the value of imports and exports
b. share of u.s. imports coming from various regions of the world
c. share of u.s. exports going to various regions of the world
d. exchange rate needed to make imports equal exports

Answer 1

The correct answer to this question is letter "b. share of u.s. imports coming from various regions of the world." The balance of trade measures the share of u.s. imports coming from various regions of the world. This is the correct answer as far as the balance of trade is concerned.