Single Answer MCQ
Q-00044471
Why is the balance of trade significant for a country?
1
It measures internal production only
2
It impacts country's currency value
3
It has no real economic consequences
4
It focuses only on imports
Answer and Solution
Answer
B. It impacts country's currency value
Solution:
The balance of trade is significant because it can influence a country's currency value and economic health, reflecting competitiveness globally.
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