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How would countries attempt to maintain a favorable trade balance?
Wiki User
∙ 9y ago
They would export more goods than they imported.
Wiki User
∙ 9y ago
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How does tariffs help us maintain a favorable balance of trade and balance of payments?
does Tariffs protect American jobs and wages.
What factor was necessary to maintain a favorable balance of trade in the 1600s and 1700s?
they exported more than they imported
Does the US have a favorable or unfavorable balance of trade?
Favorable
What does it mean for England to have a favorable balance of trade?
it means they are taking in more money exporting its goods than it pays out to buy goods from other countries
What was the goal of mercantilism?
creation of a favorable balance of trade
How would countries attempt to maintain favorable trade balance?
They would export more goods than they imported.
Which was an aspect of merchantilism?
an attempt limit imports An interest in having a favorable trade balance.
How does tariffs help us maintain a favorable balance of trade and balance of payments?
does Tariffs protect American jobs and wages.
What factor was necessary to maintain a favorable balance of trade in the 1600s and 1700s?
they exported more than they imported
How did treaty of Versailles attempt to maintain the balance of power?
Mandate System, victorious powers looking after new independent countries to help them survive and self determination as well. Also disarmament so all countries are equal
What An attempt to maintain an equal balance between free states and slave states?
the Missouri Compromise
Does the US have a favorable or unfavorable balance of trade?
Favorable
What does it mean for England to have a favorable balance of trade?
it means they are taking in more money exporting its goods than it pays out to buy goods from other countries
Which was a feauture of mercantilism?
seeking a favorable trade balance
What was the goal of mercantilism?
creation of a favorable balance of trade
Can a nation have a favorable balance of trade and an unfavorable balance of payments?
Yes, as the balance of trade is only one part of the balance of payments
What was one goal of mercantilism?
creation of a favorable balance of trade
