The new Motorola-Google phone, the 'Moto-X' is produced in a factory in the USA and then shipped to consumers both in the USA and in other countries. This process is referred to as:
A)exporting.
B)transporting.
C)countertrading.
D)foreign exchange.

Question

Quizplus · Accepted Answer

Exporting refers to producing goods domestically and selling them abroad, which is what is happening in this scenario. The Moto-X is produced in a factory in the USA and subsequently sold to consumers both in the USA and in other countries, making it an example of exporting. Transporting is too broad of a term to describe this specific process, countertrading involves exchanging goods for other goods rather than using money, and foreign exchange refers to the conversion of one currency into another.

The New Motorola-Google Phone, the 'Moto-X' Is Produced in a Factory