An advantageous balance of trade was the goal of mercantilism after the 1600s. Hence, option B is correct.
What is balance of trade?
The difference between a country's imports and exports for a given time period is known as the balance of trade. The majority of a country's balance of payments is made up of its trade balance. The difference between a country's exports and imports represents its overall trade balance.
The balance of payments is made up of three components: the capital account, the finance account, and the current account. The balance of trade is one of several significant aspects taken into account when calculating a nation's gross domestic product.
Some of the balance of trade are -
- Favorable Balance of Trade.
- Unfavorable/Deficit Balance of Trade.
- Equilibrium in Balance of Trade.
Thus, option B is correct.
For more details about balance of trade, click here:
https://brainly.com/question/7643957
#SPJ5
