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it is the relationship between a country's imports and exports ;)
What else can I help you with?
Does the US have a favorable or unfavorable balance of trade?
Favorable
When does a trade considered as a favorable balance of trade and unfavorable balance of trade?
A favorable balance of trade occurs when a country exports more goods and services than it imports, leading to a trade surplus. Conversely, an unfavorable balance of trade occurs when a country imports more than it exports, resulting in a trade deficit. A favorable balance can indicate economic strength, while an unfavorable balance may suggest reliance on foreign goods and potential economic vulnerabilities.
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 the goal of mercantilism?
creation of a favorable balance of trade
Which was a feauture of mercantilism?
seeking a favorable trade balance
What was one goal of mercantilism?
creation of a favorable balance of trade
Which was an aspect of mercantilism?
An interest in having a favorable trade balance
Economic system in which nations develop a favorable balance of trade by exporting more than importing?
balance of trade
Why a nation can have a favorable balance of trade and a unfavorable balance of payment?
it shows up as a trade deficit with the soncumer-goods-exporting nation.
Does Mexico have a favorable balance of trade?
NO, US$16.8 billion in 2008
What does favorable balance of trade mean?
A favorable balance of trade occurs when a country's exports exceed its imports, resulting in a trade surplus. This situation is generally viewed as positive for the economy, as it indicates that a nation is selling more goods and services to other countries than it is buying from them. A favorable balance can strengthen the national currency and contribute to economic growth. However, it may also lead to trade tensions with countries that have trade deficits.
Is Mexico's balance in trade favorable or unfavorable?
Right now (June 2014), it is favorable by some USD 423 million.
