Goods and services that we buy from people in other countries are called our

Question

Quizplus · Accepted Answer

Imports are goods and services that a country purchases from people in other countries. The other options are not correct. Terms of trade refer to the ratio of export prices to import prices. Exports refer to goods and services that a country sells to people in other countries. Balance of payments is a record of all financial transactions between a country and the rest of the world.

Goods and Services That We Buy from People in Other