Invisible trade refers to:
A) services that avoid tax payments
B) underground economy
C) legal, consulting, and engineering services
D) tourist expenditures, only

Question

Quizplus · Accepted Answer

Invisible trade refers to the trade of services, such as legal, consulting, and engineering services, that are not physically tangible and thus not visible in international trade statistics. It does not refer to activities that avoid tax payments or are part of the underground economy. Tourist expenditures are part of the visible trade in services.

Invisible Trade Refers To