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2 cards from this section. Quick, good the night before a test.
Define international trade.
Think about how countries share products.
What are imports?
Consider what your country brings in from elsewhere.
What does international trade refer to?
Think about trade that crosses borders.
True or False: India exports more than it imports.
Recall the concept of trade balance.
If India aims to reduce its trade deficit by increasing exports, what strategies might it implement?
Think about what makes countries want to buy your products.
Consider the implications of fluctuating crude oil prices on India's balance of trade. How might this affect the economy?
Think about how essential oil is to transportation and industry.
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