ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods which are transported out of a country to another country.
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Imports
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Exports
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Trade
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Bartering
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Explanation:
Detailed explanation-1: -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-2: -Road, sea, rail and air are four ways of import and export.
Detailed explanation-3: -Air Freight Air travel gives you access to almost every destination across the globe, making it easy to get your export goods where they need to be. If your export goods require urgency in its transportation time-scale, air freight is the option to choose as it is the fastest and most reliable mode of transport.
Detailed explanation-4: -The balance of trade is the difference between a country’s exports and imports of goods.
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