Exports are best defined as which of the following?
AGoods and services that are bought from other countries
BGoods and services traded between two firms in one country
CGoods and services carried across a border without payment
DGoods and services made in one country and sold to others
Answer & Solution
Correct answer: D. Goods and services made in one country and sold to others
1. Exports are goods and services made in one country and sold to other countries.
2. Imports are the mirror image, being goods and services bought from other countries.
3. Trade between two firms inside one country is domestic trade rather than an export.
4. An export is a sale, so a transfer without payment does not fit the definition.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 3 "Competing in the Global Marketplace", section 3.1 Global Trade in the United States_
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