Final answer:
True. Exporting and importing collectively refer to the exchange of goods and services across international borders, constituting international trade.
Step-by-step explanation:
International trade encompasses both exporting (sending goods and services to other countries) and importing (receiving goods and services from other nations). Exporting involves selling products or services produced domestically to foreign markets, while importing involves purchasing goods or services produced abroad for domestic use or resale. This reciprocal exchange facilitates economic growth, allowing countries to access a wider variety of goods, promote specialization, and foster global economic interdependence. Importing and exporting are integral components of international commerce, playing pivotal roles in shaping a country's economy, trade balance, and global relationships.
Correct answer: True