What is the subject matter of international economics?
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International economics tries to explain the reasons behind the composition, volume, and direction of exports and imports made by a country. Studying the various regualtory agencies responsible for monitoring international trade and economic groups which collectively participate in international business. It also deals with policies framed for establishing trade relations with other countries.
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The subject matter of international economics consists of issues raised by the special problems of economic interaction between sovereign states.
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