For country A,an export is a good produced in
A) country B and purchased by residents of country B.
B) country B and purchased by residents of country A.
C) country A and purchased by residents of country B.
D) country A and purchased by residents of country A.

Question

Quizplus · Accepted Answer

An export refers to a good produced in one country and sold or traded to another country. In this case, the good is being produced in country A and sold to residents of country B, therefore option C is correct. Option A refers to an import, option B refers to domestic consumption, and option D refers to self-sufficiency.

For Country A,an Export Is a Good Produced in