internation trade is a global resource?
true or false
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10
Answer:
Definition of Global Trade
Global trade, also known as international trade, is simply the import and export of goods and services across international boundaries. Goods and services that enter into a country for sale are called imports.
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3
Answer:
International trade is a global resource. True
Explanation:
- The import and export of products and services over international borders are known as global trade or international trade.
- Imports are goods and services that enter a country for the purpose of sale.
- Exports are goods and services that leave one country to be sold in another.
- International commerce also plays a significant part in improving any country's income. This is because countries that have both the benefits and drawbacks of a product can sell and get the items they require.
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