ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
EXPORTING AND IMPORTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Export
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Movement
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Import
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Technology
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Detailed explanation-1: -Exportation is the process of selling goods in another country. The exportation of soybeans, auto parts, and medicine are all important parts of the U.S. economy.
Detailed explanation-2: -Export (EAR 734.2(b)(1) and ITAR 120.17) Export is defined as an actual shipment or transmission of items out of the United States.
Detailed explanation-3: -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-4: -What Is an Export? Exports are goods and services that are produced in one country and sold to buyers in another.
Detailed explanation-5: -In global trade, exporting is the process by which companies from one country sell their goods and services to companies or consumers in a different country.