Answer :
The statement "Trade involves imports (goods brought into a country) and exports (goods sent out of a country)" is true.
Explanation:
1. Trade refers to the exchange of goods and services between countries or regions.
2. Imports are goods and services brought into a country from another country for domestic consumption or further processing.
3. Exports are goods and services produced domestically and sold to other countries or regions.
4. Importing and exporting are crucial components of international trade, allowing countries to access products they may not produce domestically and to generate revenue by selling their goods and services to other markets.
In conclusion, trade indeed involves both imports (goods brought into a country) and exports (goods sent out of a country), making the statement true.
Explanation:
1. Trade refers to the exchange of goods and services between countries or regions.
2. Imports are goods and services brought into a country from another country for domestic consumption or further processing.
3. Exports are goods and services produced domestically and sold to other countries or regions.
4. Importing and exporting are crucial components of international trade, allowing countries to access products they may not produce domestically and to generate revenue by selling their goods and services to other markets.
In conclusion, trade indeed involves both imports (goods brought into a country) and exports (goods sent out of a country), making the statement true.
