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Balance of trade is the difference betwe...

Balance of trade is the difference between

A

determined by profit

B

above the line items

C

undertaken to maintain BOP identity

D

none of these

Text Solution

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The correct Answer is:
C
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International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic , social and political importance has been on the rise in recent centuries. Industrialization , advances in technology, transportation, globalization, multinational corporations, and outsourcing are all having a major impart on the international trade is crucial to the continuance of globalization. International trade is, in principle, not different trade is, in principle, not diffenent trade is, in principle , not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries. What is the main difference between international and domestic trade?

International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic , social and political importance has been on the rise in recent centuries. Industrialization , advances in technology, transportation, globalization, multinational corporations, and outsourcing are all having a major impart on the international trade is crucial to the continuance of globalization. International trade is, in principle, not different trade is, in principle, not diffenent trade is, in principle , not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries. Which one of the following has a major impact on international trade?

International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic , social and political importance has been on the rise in recent centuries. Industrialization , advances in technology, transportation, globalization, multinational corporations, and outsourcing are all having a major impart on the international trade is crucial to the continuance of globalization. International trade is, in principle, not different trade is, in principle, not diffenent trade is, in principle , not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries. According to the another increasing international trade

International trade represents a significant share of Gross Domestic Product (GDP). While international trade has been present throughout much of history, its economic , social and political importance has been on the rise in recent centuries. Industrialization , advances in technology, transportation, globalization, multinational corporations, and outsourcing are all having a major impart on the international trade is crucial to the continuance of globalization. International trade is, in principle,, not different from domestic as the motivation and the behaviour of parties is across a border or not. The main difference is that international trade. Another difference between domestic and international trade is that factors of production such as capital and labour are typically more mobile within a country than across countries. Which of the following is one of the factors of production?