0
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
Why was Napata a favorable place to trade?
Because it was on the trade route
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 enabled easy trade between New England and the Caribbean?
A. Favorable ocean currents
What among the following seems to have the most favorable view of the slave trade?
It appears that the pamphlet "The African Slave Trade" tends to have the most favorable view of the slave trade, as it argues for the economic benefits and justifications of slavery.
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.
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
A trade agreement that creates favorable trade terms between two nations establishes which of the following?
Normal Trade Agreement
Is Mexico's balance in trade favorable or unfavorable?
Right now (June 2014), it is favorable by some USD 423 million.
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.
