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The exchange of goods and services between countries is best defined as which of the following?

A. Globalization
B. Subsidies
C. Tariffs
D. International Trade


Sagot :

Final answer:

International trade involves the exchange of goods and services across national borders, impacting economies globally. It plays a crucial role in the GDP of various countries and is influenced by factors like globalization and advanced transportation.


Explanation:

International trade is the exchange of goods and services across national borders. It plays a significant role in the Gross Domestic Product of many countries and has become increasingly important due to factors like globalization, advanced transportation, and the growth of multinational corporations. It involves the trading of products, capital, and services among different nations.


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