Answer:
Option d: Define the balance of trade
Step-by-step explanation:
Balance of trade
This is simply known as the difference in terms of value between the import and exports of a particular country. It is known as one of the starting point in order to perform an analysis that will determine what the connections between imbalances of trade in goods and services and the flows of international financial capital.
The Factors that can affect the balance of trade
1. Cost of production
2. Cost and availability of raw exchange rate movements