WAEC Economics 2019 Objective — Question 43

Question 43 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.

Balance of trade involves exchange of

A. goods onlyCorrect
B. services only
C. goods and services
D. goods and capital

Explanation

Balance of trade specifically measures the difference between a country's receipts from and payments for tangible goods (visible trade) only — not services.

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