SETTLING NORTH AMERICA 1497 1732
FOUNDING OF THE NEW ENGLAND COLONIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Import
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Export
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Charter
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None of the above
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Detailed explanation-1: -Import-When goods are purchased from other countries then it is called import.
Detailed explanation-2: -What Is an Import? An import is a good or service bought in one country that was produced in another. Imports and exports are the components of international trade. If the value of a country’s imports exceeds the value of its exports, the country has a negative balance of trade, also known as a trade deficit.
Detailed explanation-3: -Import-When goods are purchased from other countries then it is called import.
Detailed explanation-4: -Imports are any good or service brought in from one country to another, while exports are goods and services produced in the home country for sale to other markets. Thus, whether you’re importing or exporting a product (or both) depends on your orientation to the transaction.