Select the correct answer. What is an example of a favorable balance of trade for a nation? A. There aren't any exports; there are only imports. B. There aren't any imports; there are only exports. C. The values of imports and exports are equal. D. The value of exports surpasses the value of imports. E. The value of imports surpasses the valuer of exports. Undo Next

To determine the correct answer regarding a favorable balance of trade for a nation, we need to understand what "balance of trade" means. The balance of trade is the difference between the value of a country's exports and the value of its imports. A favorable balance of trade occurs when a country exports more than it imports, leading to a trade surplus. Now, let's analyze the options: A. There aren't any exports; there are only imports. - This indicates a trade deficit, which is unfavorable. B. There aren't any imports; there are only exports. - This suggests a surplus, but it's not a practical scenario for most economies. C. The values of imports and exports are equal. - This indicates a balanced trade, which is neutral, not favorable. D. The value of exports surpasses the value of imports. - This indicates a trade surplus, which is favorable. E. The value of imports surpasses the value of exports. - This indicates a trade deficit, which is unfavorable. Based on this analysis, the correct answer is: **D. The value of exports surpasses the value of imports.**