An export is a product
A) produced in and purchased by residents of the home country.
B) produced in and sold to the residents of a foreign country.
C) produced in the home country and sold in another country.
D) produced in a foreign country and purchased by the residents of the home country.

Question

Quizplus · Accepted Answer

An export is a product that is produced in the home country and sold in another country. It is the opposite of an import, which is a product produced in a foreign country and purchased by the residents of the home country. Therefore, option C is the correct answer.

An Export Is a Product