Which of the following statements accurately describes the global perspective on world trade?

Question

Quizplus · Accepted Answer

The global perspective on world trade is that imports and exports should be complementary economic flows. This means that imports affect exports, and exports affect imports. They are both important and should work together in a balanced manner to promote economic growth and development. A surplus or deficit in either imports or exports could have negative consequences on the overall economy, and a balance should be maintained.

Which of the Following Statements Accurately Describes the Global Perspective