Concept:Visible balance of payments records only trade in tangible or physical goods between countries.
Explanation:The visible balance is also known as the balance of trade.
It includes imports and exports of physical goods only.
Earnings from goods exported are counted as part of visible trade.
Interest on loans to foreign countries is an invisible trade item.
Profit from investment abroad and dividends earned from companies are also invisible trade items.
These invisible items relate to income from services, capital, or investments, not physical goods.
So, the visible balance of payments is made up of earnings from goods exported.
Answer:C. earnings from goods exported