Favorable
Yes, as the balance of trade is only one part of the balance of payments
pay more than foreign exchange
it shows up as a trade deficit with the soncumer-goods-exporting nation.
porcelain, exotic tea, and silk.
Favorable
Yes, as the balance of trade is only one part of the balance of payments
pay more than foreign exchange
it shows up as a trade deficit with the soncumer-goods-exporting nation.
porcelain, exotic tea, and silk.
porcelain, exotic tea, and silk.
Let us first define what is the Balance of Trade (BOT). BOT is the difference between export earnings and import expenditure. Accordingly it called unfavorable balance of trade when the amount realized from physical (or tangible or visible) exports is less than the amount spent on physical imports, otherwise it is called 'favorable' Balance of Trade.
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
If a country's export exceeds the import then the balance of trade is unfavorable.
im guessing you rion mr poseys class?
Right now (June 2014), it is favorable by some USD 423 million.
The unfavorable conditions endangered the crew.