Edzy
Single Answer MCQ
Q-00015732

What is foreign trade primarily concerned with?

1

Selling exclusively within a country

2

Trading between domestic and international markets

3

Establishing local markets

4

None of the above

Reviewed & Verified by Edzy Expert

Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Trading between domestic and international markets

Solution:

Foreign trade involves the exchange of goods and services between countries, allowing producers to access international markets. This contrasts with selling only within domestic markets.

Watch Video Solution