WORLD CIVILIZATION

CIVILIZATION

PHOENICIAN

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A good or service produced in the home country and sold to another country. (Example:Cedar logs sold to Europe)A good or service that is produced in the country of origin, but is sold to another country. (Example: cedar logs sold to Europe)
A
ExportExports
B
ImportImportar
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Detailed Solution. Canada is the leading exporter of timber in the world. In Canada, forest products, primarily wood and wood products, contribute a significant level of the value-added to the country’s economy.

Detailed explanation-2: -Exports can be cars, clothes, pencils, heavy machinery, software, or banking services. The limits to exports usually come in the form of government regulation. For example, if the good is needed domestically, the government may restrict exports of the good to regulate domestic supply and prices.

There is 1 question to complete.