alleryForeign trade refers to
Atrade between firms within the same country
Binternal smuggling
Cexchange of goods and services across national boundaries
Dmovement of goods within a state
Answer & Solution
Correct answer: C. exchange of goods and services across national boundaries
1. Foreign trade = exchange of goods and services across borders.
2. Imports = goods bought from abroad; exports = goods sold abroad.
3. Foreign trade integrates markets of different countries.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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