Question

Explain the difference between imports and exports.

Exports are the goods and services a nation produces and sells to other nations; imports are the goods and services a nation buys from other nations


There is no difference between imports and exports.


Imports are the goods and services a nation produces and sells to other nations; exports are the goods and services a nation buys from other nations.


Imports are the goods and services a nation produces and sells to other nations; exports are the country's ability to produce more of a given product than can another country.

Answer 1

A. Exports are the goods and services a nation produces and sells to other nations; imports are the goods and services a nation buys from other nations.

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Answer 2

Exports are the goods and services a nation produces and sells to other nations; imports are the goods and services a nation buys from other nations

Step-by-step explanation:

Exports are for example when the United States of America produce a lot of food, and it is one of its main exports, the beverages and food that is produced in the United States is sold to another countries, for the United States of America that is an export.

An import is a product or service that a country has no means to obtain or can produce enough to fulfill the necessities of its population, for example america´s number one import, is Oil, because of the high demand of oil in the country the United States need to buy oil produced in other countries to reach that demand.