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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
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.
What is the difference between a favorable and an unfavorable 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. ----
What is the meaning of unfavorable balance of trade?
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.
Dose Australia have a favorable or unfavorable balance of trade?
Australia has historically maintained a favorable balance of trade, primarily due to its strong export sector, particularly in commodities like iron ore, coal, and agricultural products. However, fluctuations in global demand and import levels can impact this balance. As of recent years, Australia has generally reported trade surpluses, but it remains sensitive to international market conditions. Overall, while the balance can vary, Australia often benefits from a positive trade scenario.
What is an unfavorable balance of trade?
pay more than foreign exchange
What did the british trade with china to settle the unfavorable trade balance?
porcelain, exotic tea, and silk.
What did the british trade with the china to settle the unfavorable trade balance?
porcelain, exotic tea, and silk.
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 is meant by balance of trade?
The term Balance of Trade (or BOT) is the largest component of a country's current account in its balance of payments (BOP) accounts.It shows the difference between export earnings and import expenditure.It is called 'favorable' when the amount realized from physical (or tangible or visible) exports is more than the amount spent on physical imports, otherwise called 'unfavorable.'It is called also trade balance.
