Which of the following is true of exports and imports?

Question

Quizplus · Accepted Answer

Some countries impose restrictions on the ability of exporters to take the money they earn from their exports out of the country. This is done to keep foreign currency within the country and reduce the demand for foreign currency, which can potentially lead to devaluation of the country's currency.

Option A is incorrect because businesses may face various restrictions and regulations when exporting goods and services, such as export licenses, tariffs, and trade agreement regulations.

Option B is incorrect because a country runs a trade deficit when it imports more than it exports, not the other way around.

Option C is incorrect because goods and services sold abroad are called exports, not imports.

Option D is incorrect because companies can import products to resell in their own countries, as long as they comply with legal requirements such as customs regulations, product safety standards, and labeling requirements.

Which of the Following Is True of Exports and Imports