Question

6) Which of the following is a false statement?
(a) The scope of commerce is narrower than business
(b) Commerce includes trade and auxiliaries to trade
( c ) Foreign trade is purchase and sale by traders of the same country.
(d) Traders serve as a link between producers and consumers.

Answer 1

Explanation:

$\bola{FOREIGN TRADE IS PURCHASE AND SALE BY TRADERS OF THE SAME COUNTRY}$

Answer 2

The correct answer for the above-given question is OPTION C. Foreign trade is the purchase and sale by the trader of the same country- This  statement is False

• Foreign trade is the exchange of services or goods between international regions and borders.
• Import and export are two examples of distinct types of trade.
• In national economics, these are critical ideas. These ideas are utilized to define the country's objectives.
• The decisions, techniques, and other measures they take to achieve their goals are referred to as foreign trade policy.
• Overseas trade in commodities and services is the oldest and most important sort of international division of labor.