Question

If you were doing a presentation about "balance of trade," which journal entry would likely be the MOST helpful? "Exports Take a Strong Hit in 3rd Quarter" "Prices of Foreign Cars Remain Constant" "Farmers Face a Tough Drought Situation" "Stock Prices Soar With Economic Forecast"

Answer 1

The correct answer is : "Exports Take a Strong Hit in 3rd Quarter"

Step-by-step explanation:

It is the concept that tells the difference between the value of a country's imports and exports for a given period. It is also referred to as the trade balance or the international trade balance. It helps to know whether a nation's current way of life is sustainable or not.