USA HISTORY

FIRST CONTACTS 28000 BCE 1821 CE

THE COLUMBIAN EXCHANGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is an export?
A
the sending of goods to another country
B
the receiving of good fro another country
C
using goods from another country
D
bringing tobacco into the colonies
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: -Exports of goods and services consist of transactions in goods and services (sales, barter, and gifts) from residents to non-residents. Exports of goods occur when economic ownership of goods changes between residents and non-residents.

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: -Exportation comes from the verb export and its Latin root exportare, “to carry out” or “to send away.” Exportation is one vital way of selling goods, like food or vehicles, and services, such as insurance or information technology. The process involves moving things across borders, from one country to another.

Detailed explanation-5: -There are two major types of exporting that help businesses go global: direct and indirect exporting.

There is 1 question to complete.