Question

International trade is considered the economic barometer for a country why

Answer 1

Answer:

because by doing international trade we get more foreign currency... more foreign currency means more money we get from the fireigners

Answer 2

Answer:

Trading is referred as the exchange of products or goods. The exchange could take place among people, states and even countries. When the exchange of products or goods takes place between countries, it is called as international trade.

Explanation:

1. The economic affluence of a country is represented by its advancement in international trade.  

2. The volume of the international trade helps in determining the share of a country in the world market.  

3. Larger share in the international market makes a country more powerful in getting its needs met by others and also provides leverage in international discussions.  

Therefore, international trade is considered an economic barometer for the country.

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