Question

Explain the difference between imports and exports.

Question 12 options:

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


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

Answer 2

The difference between imports and exports is that :

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:

Imports: These are goods or services brought from another locality to a new locality especially across a country border. the act of importing ( bringing in goods and services from outside a locality with the intention to sell to consumers in your own locality ) is been carried out by business men/women known as importers

Exports: These are goods or services produced in a locality usually a country and sold to another country through the borders. the act of exporting ( sending out goods and services produced from a country to another country with the intention to sell to consumers in that locality) is been carried out by business men/women known as exporters