_______________of trade refers to the type of goods and services a country exports and imports.

Correct option is A

The correct answer is (A)   ​Composition

The composition of trade refers to the types of goods and services a country imports and exports. It reflects the country’s economic strength and global competitiveness.

Factors Influencing Trade Composition:

• Natural resources
• Technological capabilities
• Industrial structure
• Government policies

Countries with diverse trade portfolios are better equipped to handle economic challenges, as they don’t rely solely on one type of product for earnings.

Information booster:

• Volume: This measures the quantity of goods and services traded but doesn’t indicate the types of items exchanged.
• Value: This represents the monetary worth of traded goods and services, focusing on the total trade amount rather than specific products.
• Gain: The benefit a country gets from trade, such as higher income, job creation, access to varied products, or strategic advantages. This doesn’t necessarily relate to the types of goods traded.​