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19 October, 09:00

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

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  1. 19 October, 11:06
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    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.
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