[Solved] A favorable Balance of Trade of a country implies that -

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Q.	A favorable Balance of Trade of a country implies that -
A.	Imports are greater than Exports
B.	Exports are greater than Imports
C.	Both Imports and Exports are equal
D.	Rising Imports and Falling Exports
Answer» B. Exports are greater than Imports
Explanation: Favorable balance of trade is an imbalance in a nation's balance of trade in which the payments for merchandise exports received by the country exceed payments for merchandise imports paid by the country. This is also termed a balance of trade surplus. It's considered favorable because more goods are exported out of the country than are imported in, meaning that foreign production is replaced with domestic production, which then increases domestic employment and income. A balance of tradesurplus is often the source of a balance of payments surplus.

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