What Does Import Mean?

What Does Import Mean?

• A. Goods Or Services Sold To Another Country.
• B. Goods Or Services Bought From Another Country.
• C. A Raw Material That Has Not Been Manufactured.
• D. The Difference Between A Country'S Exports And Imports.

Answer: (B)

Importing means bringing goods or services into a country from another country for sale or use. It is the opposite of exporting, which is selling to other countries. The option describing goods or services bought from another country matches this idea exactly. The other statements don’t define importing: one describes exporting, and the other describes the trade balance (exports minus imports).

Importing means bringing goods or services into a country from another country for sale or use. It is the opposite of exporting, which is selling to other countries. The option describing goods or services bought from another country matches this idea exactly. The other statements don’t define importing: one describes exporting, and the other describes the trade balance (exports minus imports).