ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to get rid of the goods you don’t need.
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sending a product to another country for sale.
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to get more goods to be able to make more money.
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bringing a product into a country to be sold.
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Detailed explanation-1: -Goods and services produced in one country but supplied to buyers in another are known as exports. International trade is made up of exports and imports. Exports are critical to market democracies because they provide people and businesses with access to a larger market for their products.
Detailed explanation-2: -Exports of goods and services consist of transactions in goods and services (sales, barter, and gifts) from residents to non-residents. Exports of goods occur when economic ownership of goods changes between residents and non-residents.
Detailed explanation-3: -The correct option is B international trade. The process of buying or selling goods is called trade. There are two types of trade: International trade and Domestic trade. The puchase or sale of goods across borders is called International trade.
Detailed explanation-4: -Export refers to a product or service produced in one country but sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between nations.
Detailed explanation-5: -In economics, exporting is the practice of producing a good or service in one country and selling it to consumers in another country.