True or False. ▼ Exports Quotas Imports Tariffs are goods and services produced domestically but sold to other countries. ▼ Exports Tariffs Imports Quotas are goods and services bought domestically but produced in other countries. ▼ Exports Imports Tariffs Quotas are taxes imposed by a government on imports of a good into a country.

Question

Mueller

Business

14 August, 08:10

True or False. ▼ Exports Quotas Imports Tariffs are goods and services produced domestically but sold to other countries. ▼ Exports Tariffs Imports Quotas are goods and services bought domestically but produced in other countries. ▼ Exports Imports Tariffs Quotas are taxes imposed by a government on imports of a good into a country.

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Answers (1)

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Karissa Faulkner · Answer 1

The correct answer is: exports; impors; tariffs.

Explanation:

Exports can be defined as the goods and services that are produced doemstically but are sold in the foreign market to be consumed by the consumers in other countries.

Imports, on the contrast, are the goods that are produced in other countries that are consumed domestically.

Net exports are the difference between exports and imports.

Tariffs are the taxes that are imposed on the imports of goods and services from abroad.