ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The exchange of goods between countries
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The exchange of profits between countries.
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The exchange of labor between countries.
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The exchange of candy between countries.
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Detailed explanation-1: -The correct option is A foreign trade. Foreign trade refers to the exchange of goods and services between different countries. It comprises both imports and exports.
Detailed explanation-2: -International trade is the exchange of goods and services between countries.
Detailed explanation-3: -Domestic trade, different from international trade, is the exchange of domestic goods within the boundaries of a country.
Detailed explanation-4: -The exchange of goods among countries, states and people is referred to as trade. Trade is the movement of goods from the location where it is manufactured to the markets.
Detailed explanation-5: -The United States imports cars from Japan and exports cars to it. Conversely, Japan imports cars from the United States and exports cars to it. International trade in which countries both import and export the same or similar goods is called two-way (or intraindustry) trade.