_______________ are goods and services that are bought from foreign countries.
Exports
Imports
Correct! Exports are goods and services that are produced domestically and sold to foreign countries, while imports are goods and services that are bought from foreign countries and consumed domestically.
Imports are goods and services that are bought from foreign countries.
Imports are goods and services that are bought from foreign countries. When a country purchases products or services from another country, it is considered an import. These imports can include items such as raw materials, finished goods, machinery, equipment, and even intangible services like consulting or software development.
To determine the imports of a country, you can refer to the balance of trade data or the trade statistics of that specific country. Many countries maintain records and publish reports that show the value and volume of the goods and services they import from different trading partners.
You can access this information through various sources, such as government agencies responsible for trade or international organizations like the World Trade Organization (WTO) and the International Trade Centre (ITC). These organizations collect and publish import data from different countries, allowing you to analyze and compare import patterns across economies.