Question

1. what does a favorable balance of trade mean? a. a country imports more than it exports b. a country exports more than it imports c. trade is balanced between countries d. there is no trade between countries

Explanation:

A favorable balance of trade occurs when a country's exports exceed its imports. This is seen as positive for an economy as it can lead to increased foreign - exchange reserves and economic growth.

Answer:

B. A country exports more than it imports