ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An export is:
A
items purchased from other countries.
B
dependence on others to get products you do not produce and needing to purchase items from them.
C
items sold to other countries. Goods exit the USA.
D
producing certain goods very well and for a reduced cost.
Explanation: 

Detailed explanation-1: -What Is an Export? Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along with imports, make up international trade.

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 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-4: -Gasoline and Other Fuels. Crude Petroleum. Liquified Natural Gas (LNG) and Other Natural Gases. Civilian Aircraft Parts. Passenger Vehicles. 21-Dec-2022

There is 1 question to complete.