A small country is just beginning its international trade activities.In so doing, it wants to ____ and to develop a favourable balance of trade.

Question

Quizplus · Accepted Answer

The country's main goal should be to provide markets for its products so that it can generate revenue and economic growth. Developing a favourable balance of trade, which means exporting more than importing, will also contribute to the country's economic stability and strong position in the global market. Having its name in the Wall Street Journal, exporting taxed, being involved in international politics, and controlling the governments of other countries are not directly related to the country's international trade activities and may not necessarily contribute to its economic growth and stability.

A Small Country Is Just Beginning Its International Trade Activities