Asked by Courtnie Marie on Jul 09, 2024
Verified
"International trade" refers to
A) purchasing or selling currently produced goods or services across an international border.
B) any transaction across an international border.
C) any financial transaction across an international border.
D) buying or selling of preexisting assets across an international border.
International Trade
The exchange of goods, services, and capital across international borders, driven by the concept of comparative advantage and differing resource endowments.
International Border
The officially recognized boundary separating two sovereign countries, regulating the flow of people, goods, and services across territories.
- Gain an understanding of the fundamentals of global trade, its elements, and its role in the international economy.
Verified Answer
KS
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Final Answer :
A
Explanation :
International trade specifically involves the exchange of currently produced goods or services across international borders, distinguishing it from other types of cross-border transactions such as financial exchanges or the trade of preexisting assets.
Learning Objectives
- Gain an understanding of the fundamentals of global trade, its elements, and its role in the international economy.
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