Austria had a(n) : Favourable balance of trade.
What is favourable balance of trade?
This is when the exports of a country is greater than its imports.
Favourable balance of trade is important to create a stable and growing economy. It makes the country less dependent on other countries for its survival.
It also indicate that the foreign currency reserve of the country is on the rise. This increases the value of the currency in the country conducting a favourable balance of trade.
Therefore, Austria had a favourable balance of trade with regards to the above.
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