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

Imagine a nation that produces more goods and services than it consumes—this is the essence of a favorable balance of trade! So, when a country exports its products and brings in more money than it spends on imports, it creates a financial boom that can fund development, infrastructure, and innovation! Countries that experience a favorable balance often use their surplus to invest back into the economy. They can bolster their international standing, negotiate better trade agreements, or even support domestic industries. This not only fuels economic growth but can also enhance global influence, proving the saying that "trade is the lifeblood of nations!"