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Questions and Answers
What does the term 'International Trade' refer to?
What does the term 'International Trade' refer to?
- Trade restricted to a single continent
- Exchange of goods within a country
- Trade between two or more nations (correct)
- Trade between states within a country
What is a key component of International Trade?
What is a key component of International Trade?
- Occurs within a single country
- Involves exchange of goods, services, and capital across nations (correct)
- Involves only domestic companies
- Only involves physical goods
What is not a feature of International Trade?
What is not a feature of International Trade?
- Includes exchange of services
- Restricted to domestic markets (correct)
- Involves multiple nations
- Involves capital flow
