The nation of Tazia exports agricultural products and in turn imports products that it does not produce such as computers and electronic devices. As a result, it spends more on imports than it gains from exports. Which perspective would frown on this form of international trade?

Question

Quizplus · Accepted Answer

Mercantilism is an economic theory that emphasizes the importance of maintaining a trade surplus, meaning a country should export more than it imports. It would frown upon Tazia's situation of spending more on imports than it gains from exports.

The Nation of Tazia Exports Agricultural Products and in Turn