Correct Answer: Option A

Explanation

The balance of trade is a measure of the difference between the value of a country's visible exports (goods and services sold to other countries) and visible imports (goods and services purchased from other countries) over a specific period, usually a trading year. It provides insight into the economic relationship between a country and its trading partners.
The balance of trade can be positive (surplus) if the value of exports exceeds imports, indicating that a country is exporting more than it is importing. Conversely, it can be negative (deficit) if imports exceed exports, indicating that a country is importing more than it is exporting.

• What are the male and female reproductive hormones in animals? Answer this

  2 Answers   ·   Agricultural Science   ·   10 hours ago
• What is the meaning of agricultural sciences? Answer this

  2 Answers   ·   Agricultural Science   ·   3 days ago
• Does WAEC give Calculator to student for there exam? Answer this

  2 Answers   ·   Mathematics   ·   2 days ago