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What is a favorable balance trade?

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Anonymous

∙ 13y ago
Updated: 5/7/2023

it is the relationship between a country's imports and exports ;)

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Breanne Watsica ∙

Lvl 10
∙ 2y ago
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Related Questions

Does the US have a favorable or unfavorable balance of trade?

Favorable


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


Is Mexico's balance in trade favorable or unfavorable?

Right now (June 2014), it is favorable by some USD 423 million.


When more goods are exported than imported the trade balance is said to be?

favorable


What was the primary objective of mercantilism?

Was to enrich the nation by fostering a favorable balance of trade.

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