ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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import
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export
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Either A or B
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None of the above
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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: -An export is a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade.
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: -The correct option is A. Import. The purchase of goods from a foreign country is called import.
Detailed explanation-5: -Gasoline and Other Fuels. Crude Petroleum. Liquified Natural Gas (LNG) and Other Natural Gases. Civilian Aircraft Parts. Passenger Vehicles. 21-Dec-2022