Question

why is international trade barrier considered the economic barometer of a country?

Answer 1

becomes area for international market because if we not taxes on the product then our economic will be slow down

Answer 2

Hello mate here is your answer,

The following are the factors for considering the international trade a economic barrier barometer of a country:

=> Advancement of an international trade is an index to its economic properity.

=> As the resources are space bound, there isnt any opportunity for the country to survive without international trade. Exports and imports are the dominant factors in international trade.

=> The balance of trade is basically difference between exports and imports. When the value of export exceeds the value of import it is terms as favourable balance of trade, On other hand if the value of import exceeds the value of export then it is termed as unfavourable balance of trade.......

Hope it helps you pls mrk as branlist!!!!!!!