Balance of Trade is measured as:
the difference between export and import of goods
Balance of Trade (BOT) is defined as the difference between a country's exports and imports of goods over a certain period. It does not include services. Therefore, the correct answer is: the difference between export and import of goods.
The Balance of Payment Account of an economy is related to the ________.
Which of the following statements is correct?
Which of the following statements is INCORRECT?
Match the following :
| List – I | List – II |
| a. Sum of price elasticity of demand for exports and imports greater than unity. | 1. J-curve effect |
| b. Balance of Payments is the difference between National Income and expenditure | 2. Import quota systems |
| c. Empirical evidence showing lower short run price elasticities of exports and imports. | 3. Marshall-Lerner condition |
| d. Method to cut down imports | 4. Absorption approach |
Select correct code :
Codes :