Ask Question
13 April, 21:03

Under mercantilism, how does a nation achieve a favorable balance of trade?

+1
Answers (1)
  1. 13 April, 21:08
    0
    A country's trade balance equals the value of its exports minus its imports. Exports are goods or services made domestically and sold to a foreigner ... When a country's exports are greater than its imports, it has a trade surplus. Most nations view that as a favorable trade balance.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Under mercantilism, how does a nation achieve a favorable balance of trade? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers