SETTLING NORTH AMERICA 1497 1732
RISE OF THE SLAVE TRADE BLACK HISTORY IN COLONIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trade
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import
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stealing
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None of the above
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Detailed explanation-1: -The correct option is A. Import. The purchase of goods from a foreign country is called import.
Detailed explanation-2: -Imports are foreign goods and services bought by citizens, businesses, and the government of another country. 1 It doesn’t matter what the imports are or how they are sent.
Detailed explanation-3: -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-4: -When the goods are imported from one country with the purpose of exporting it to another country, then such type of trade is called entrepot trade.