☰
✕

International Trade
Question
Wired Faculty App

Why is it deterimental for a nation to have negative balance of payments?

Answer

A negative balance would mean that the country spends more on buying goods than it can earn by selling its goods. This would ultimately lead to a exhaustion of its financial reserves.

Sponsor Area

Some More Questions From International Trade Chapter

Which one of the following South American nation, is a part of OPEC?

In which of the following trade blocs is India an associate member?

What is the basic function of the World Trade Organisation?

Why is it deterimental for a nation to have negative balance of payments?

What benefits do nations get by forming trading blocs?

How are ports helpful for trade? Give a classification of ports on the basis of their location.

How do nations gain from international trade?

What are out ports? Define with examples.

Describe the nature of composition of internation trade.

Define barter system. Mention the difficulties with this system.