Question

Give one disadvantage of having foreign countries in the circular flow of economic activity​

Answer 1

Answer:

International trade is the exchange of goods and services among countries. Total trade equals exports plus imports. In 2019, the total international trade was just under $19 trillion.1

More than 25% of the goods traded are machinery and electronics, like computers, boilers, and scientific instruments.2 Almost 12% are automobiles and other forms of transportation. Next comes oil and other fuels contributing 11%. Chemicals, including pharmaceuticals, add another 10%.