Multiple choice

What is the meaning of foreign trade?

  1. Export of goods only

  2. Import of goods only

  3. Import and export of goods

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Foreign trade encompasses both the import and export of goods and services between countries. It is not limited to just exports or just imports, but rather the exchange of goods across international borders. This two-way flow is essential for global commerce.

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