Which word refers to goods or services that are sold to other countries?

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Multiple Choice

Which word refers to goods or services that are sold to other countries?

Explanation:
In international trade, goods or services that are produced domestically and sold to buyers in other countries are called exports. This captures the idea of sending production outward to foreign markets, like a country making cars or coffee and selling them abroad. An import is the opposite—goods or services brought into the country from elsewhere. A tariff is a tax placed on goods crossing borders, usually on imports. Trade is the broad practice of exchanging goods and services between countries, not the specific direction of goods. So, the term that refers to goods or services sold to other countries is export.

In international trade, goods or services that are produced domestically and sold to buyers in other countries are called exports. This captures the idea of sending production outward to foreign markets, like a country making cars or coffee and selling them abroad.

An import is the opposite—goods or services brought into the country from elsewhere. A tariff is a tax placed on goods crossing borders, usually on imports. Trade is the broad practice of exchanging goods and services between countries, not the specific direction of goods.

So, the term that refers to goods or services sold to other countries is export.

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