Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Introduction

Question:
When a domestic country sells goods to other nations it is called as?
Options:
Import trade
Export trade
Re export trade
Entrepot trade
Correct Answer:
Export trade
Explanation:
Selling goods to other nations is export trade and buying goods from other nations is import trade. Entrepot trade or re-export trade is where goods are temporarily imported into a country and then subsequently re-exported to other countries.