What is required when measuring international trade and its impact on individual nations?
A) a total value of imports that exceeds the total value of exports
B) knowledge of countertrade and bartering privileges
C) knowledge of balance of trade and the economic indicators that make it up
D) national leaders that agree to the same measurement standards

Question

Quizplus · Accepted Answer

Measuring international trade and its impact on individual nations requires knowledge of balance of trade and the economic indicators that make it up. This includes understanding factors such as imports, exports, trade deficits or surpluses, exchange rates, and the impact on national economies. Countertrade and bartering privileges are important concepts to consider, but not essential for measuring international trade. Similarly, while agreement on measurement standards is helpful, it is not necessarily required for measuring the impact of trade on individual nations.

What Is Required When Measuring International Trade and Its Impact