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

Question

Quizplus · Accepted Answer

Invisible trade refers to trade in services, which includes legal, consulting, engineering services, among others. It does not refer to illegal activities such as tax evasion or the underground economy. Tourist expenditures are a part of visible trade as they involve the physical movement of goods (such as souvenirs) across borders.

Invisible Trade Refers to