The difference between visible exports and visible imports is defined as ___________.

Balance of trade

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Balance of payments

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Balanced terms of trade

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Gains from trade

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Solution

The correct option is A Balance of trade
In balance of payments, the difference between visible or tangible exports and visible or tangible imports of a domestic country with the rest of the world is known as Balance of Trade. It is the difference between the top most items of balance of payment.

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The difference between visible exports and visible imports is defined as ___________.

The correct option is A Balance of tradeIn balance of payments, the difference between visible or tangible exports and visible or tangible imports of a domestic country with the rest of the world is known as Balance of Trade. It is the difference between the top most items of balance of payment.

The correct option is A Balance of trade
In balance of payments, the difference between visible or tangible exports and visible or tangible imports of a domestic country with the rest of the world is known as Balance of Trade. It is the difference between the top most items of balance of payment.