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2 October, 06:35

A favorable balance of trade occurs when the value of a country's exports exceeds the value of its imports.

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  1. 2 October, 06:48
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    YES, a favorable balance of trade; occurs when the value of a country's exports exceeds that of its imports. An unfavorable balance of trade; occurs when the value of a country's imports exceeds that of its exports.
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