The best indicator of the importance of a nation's world trade is the ratio of its exports

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The best indicator of the importance of a nation's world trade is the ratio of its exports plus imports to the size of its domestic output. Critically evaluate.

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International Economics

ISBN: 9780078021770

16th Edition

Authors: Thomas Pugel

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Question Posted: Sep 21, 2024 05:13 AM

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The best indicator of the importance of a nation's world trade is the ratio of its exports plus imports to the size of its domestic output. Critically evaluate.
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The best indicator of the importance of a nation's world trade is the ratio of its exports

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Certainly this is a goodindicator but not the only one If the ratio is very large t...View the full answer

International Economics

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