Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Open Economy Macro Economics

Question:

When exports of goods or services are made by Country A to Country B and value is transferred by Country B to Country A. Which transaction is this?

Options:

economic transactions

unilateral transactions

multilateral transactions

none of these

Correct Answer:

economic transactions

Explanation:

An economic transaction occurs when something of economic value is provided by one party to another