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The price of foreign oil was raised by OPEC.
Portugal was searching for a route to Asia to increase trade and find gold.
The World Trade Center was destroyed by Terrorist organisation( Al Qaeda).This was on September 11. It was shut down by the terrorists as a way of getting even with American government, in other words, cause severe harm to the nation of America.
Foreign trade increased under Kublai Khan's reign.
Publicity for their 'cause' ! They chose the targets to create maximum media coverage for their acts of terrorism.
A persistent trade imbalance can cause a chain reaction that affects income and employment.
Increase import from China
trade deficit occurs when? trade deficit occurs when?
deficit
Trade deficit
The USA has a trade deficit.
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
by importing investment goods used for capital deepening
by importing investment goods used for capital deepening
by importing investment goods used for capital deepening
an increase in the amount of United States exports
The reasons may be attributed to exit of conventional industries, increase in defence budgetary expenditure and so on. There are other reasons as well which are not so relevant than the above two.