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

Name: A favorable balance of trade occurs when the value of a country's exports exceeds the value of its exports.
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A favorable balance of trade, also known as a trade surplus, occurs when a country's exports exceed its imports. This implies that the country is earning more foreign currency from its exports than it is spending on its imports, which can have positive effects on its economy.

A Favorable Balance of Trade Occurs When the Value of a Country's