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