Single Answer MCQ
Q-00014347
What does the term 'import' refer to?
1
Goods that are produced domestically
2
Goods produced in a foreign country and brought into one's own
3
Goods that are exported
4
Goods traded between states
Answer and Solution
Answer
B. Goods produced in a foreign country and brought into one's own
Solution:
Imports refer to products and services purchased from foreign countries, contributing to domestic markets.
Watch Video Solution