ECONOMICS
SCARCITY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Import
|
|
|
Recognizable
|
|
|
Export
|
|
|
Durable
|
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: -Export Definition. 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.
Detailed explanation-3: -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-4: -Export-When goods are sent from one country to another then it is called export. Import-When goods are purchased from other countries then it is called import.
Detailed explanation-5: -International Trade: Commerce among Nations.