ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods being shipped out of a country
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Goods being brought into a country
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Goods/services
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New Zealand
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Detailed explanation-1: -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-2: -Export is defined as an actual shipment or transmission of items out of the United States. This includes standard physical movement of items across the border by truck, car, plane, rail, or hand-carry.
Detailed explanation-3: -The balance of trade is the difference between a country’s exports and imports of goods.
Detailed explanation-4: -When the goods are imported from one country with the purpose of exporting it to another country, then such type of trade is called entrepot trade.
Detailed explanation-5: -The shipper-or in the context of international shipping, the exporter or consignor-is the party that owns or supplies the products being shipped. It’s important that shippers work with a forwarder they can trust.