1. Which of the following is international trade:
A. Trade between provinces B. Trade between regions
C. Trade between countries D. (b) and (c) of above
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Answer:
International trade is option C . trade between countries
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- Trade between countries is international trade.
- Trading means buying and selling of goods and services with the perspective of earning profit.
- Thus international trade means buying and selling outside the international borders of a country.
- International trade helps the people to access those goods which may not be available within their country.
- It is very beneficial for the economy and increases revenue.
- It also improves the foreign relations of one country to another.
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