Question

international trade emphasis on a ____ of trade?
a.favourable balance
b.unfavourable balance
c.real balance
d.none of these above​

Answer 1

ur answer is

favourable balance

hope it helps u

Answer 2

International trade emphasises on a favourable balance of trade.

The reason is:

1. In the 18th century favourable balance of trade was a necessary means of financing a country’s purchase of foreign goods and maintaining its export trade.

2.Thomas Mun, an economic writer, said that governments should regulate trade to produce an excess of exports over imports in order to gain more gold for the country.

3. Adam Smith, a Scottish philosopher considered the father of modern economics, argued that in order to become rich, countries should specialize in producing the goods and services in which they have absolute advantage and engage in free trade with other countries to sell their goods.

4. A country’s resources would therefore be utilized in the best possible way and national wealth would be maximized.