HISTORY
HISTORY OF THE MIDDLE EAST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a good or service that is from another country and sold inside your country
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import
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export
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -An import is a product or service produced abroad and purchased in your home country. Imported goods or services are attractive when domestic industries cannot produce similar goods and services cheaply or efficiently.
Detailed explanation-2: -Foreign trade refers to the exchange of goods and services between different countries. It comprises both imports and exports. For example, India’s import of arms from Russia and India’s export of refined petroleum to Australia can be considered as foreign trade.
There is 1 question to complete.