Final answer:
The balance of payments is a more comprehensive measure of a country's international economic activities than the balance of trade, as it includes all monetary transactions, not just trade in goods and services.
Step-by-step explanation:
The statement that a country's balance of payments is a better measure of international business than the balance of trade is true. The balance of trade only measures the gap between a country's exports and imports of goods and services. However, the balance of payments includes a broader range of international transactions, such as the trade in goods, services, investment flows, and unilateral transfers. This comprehensive accounting reflects all monetary transactions between one country and the rest of the world. Therefore, the balance of payments provides a more complete picture of a country's international economic activities.