It does not follow from this that the maximum degree of restriction of imports will promote the maximum favourable balance of trade.

由此不能得出这样的结论：对进口实行最大程度的限制，就能促进贸易的最大有利平衡。

(3) In the case of an unclosed system, a reduction of money-wages, though it increases the favourable balance of trade, is likely to worsen the terms of trade.

(3) 在非封闭系统的情况下，货币工资的减少虽然增加了贸易顺差，但很可能恶化贸易条件。