Explanation:
Favorable balance of trade is a positive situation where a country exports more goods and services than what it imports. It is an economic term that refers to the existence of a surplus in the nation's balance of trade.
One major reason the Renaissance began in Italy is linked to geography. The city-states of Italy, positioned on the Mediterranean Sea, were centers for trade and commerce, the first port of call for both goods and new ideas.
The New Deal was a series of programs and projects instituted during the Great Depression by President Franklin D. Roosevelt that aimed to restore prosperity to Americans. When Roosevelt took office in 1933, he acted swiftly to stabilize the economy and provide jobs and relief to those who were suffering.
