International trade is considered as the …

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International trade is considered as the economic barometer for a country. Why it is called so? A. Advancement of international trade of a country is an index to its economic prosperity. B. The more a country trade the more it gains. C. The values of export make a country prosperous. D. The values of import make a country very prosperous.

Posted by Akshay Kumar Roy 5 years ago

CBSE > Class 10 > Social Science

1 answers

Sia ? 4 years, 9 months ago

International trade is considered the economic barometer for a country because Advancement of international trade of a country is an index to its economic prosperity. ... When the value of export exceeds the value of imports, it is called a favourable balance of trade.

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