Carmine Inc., a Brazilian smartphone manufacturer, purchases semiconductors from the United States. These semiconductors are used in the production of smartphones. Carmine chiefly sells its smartphones in Brazil. In this scenario, Semiconductors are _____ for Carmine.

Question

Quizplus · Accepted Answer

Semiconductors purchased from the United States by Carmine Inc., a Brazilian company, for use in their production are considered imports because they are goods brought into Brazil from another country for use in manufacturing.