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Hi guys! 40 points!

I would appreciate some help on this one, I'm stumped lol.

What are some ways to encourage companies to get involved in exporting? Would exporting necessarily lead to a favorable balance of trade?

Sagot :

gia86

Answer:

1. Give companies the idea that they have an advantage in certain foreign markets and that they can earn a lot of money from this. Companies that make good business with exporting goods also earn them a reputable reputation.

2. If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.

Explanation:

hope this helps :)

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