quiz: the global business environment\nonly your highest - score quiz attempt for this module counts toward…

quiz: the global business environment\nonly your highest - score quiz attempt for this module counts toward your grade\nquestion 11\nthe balance of trade provides which kind of information to a trading country?\n a snapshot of the impact of global exchange of goods.\n a quick estimate of potential revenue from all global transactions.\n a report of each country’s balance of payments.\n a snapshot of one country’s success relative to others.

quiz: the global business environment\nonly your highest - score quiz attempt for this module counts toward your grade\nquestion 11\nthe balance of trade provides which kind of information to a trading country?\n a snapshot of the impact of global exchange of goods.\n a quick estimate of potential revenue from all global transactions.\n a report of each country’s balance of payments.\n a snapshot of one country’s success relative to others.

Answer

Brief Explanations:

The balance of trade is the difference between a country's exports and imports of goods. It gives a snapshot of the impact of the global exchange of goods on a trading - country. It doesn't estimate potential revenue from all global transactions (which would include services too), nor is it a report of balance of payments (which includes services, capital flows etc.), and it doesn't directly measure a country's success relative to others in a comprehensive sense.

Answer:

a. a snapshot of the impact of global exchange of goods.