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When trying to decide where to expand his operations, a small business owner studied several different nations. He analyzed each nation's balance of trade and balance of payments. This small business owner was:

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By measuring the balance of trade of various nations, the business owner was measuring global trade.

What is balance of trade?

  • It comprises of imports and exports.
  • It shows whether a country is exporting more than it is importing.

This will allow one to decide the business conditions in a country because countries with worse balance of trade import more and can be exported to.

Find out more on balance of trade at https://brainly.com/question/780414.

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