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Shawneesuree Laiwa-McKay
on Oct 25, 2024

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Goods and services purchased from abroad are _____,while goods and services sold abroad are _____.

A) always been positive.
B) always been negative.
C) shown an increase in exports as a ratio of world production since 2005.
D) shown occasional declines but has generally remained positive.

Purchased Abroad

Items or services bought from another country, often involving importation and subject to international trade policies and currency exchange rates.

Sold Abroad

A term referring to goods or services that are exported to another country.

Goods and Services

Tangible products that satisfy human wants (goods) and intangible activities or benefits that are offered (services).

  • Identify and differentiate between goods and services traded internationally.
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Nathan BliekOct 26, 2024
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