Import/export Is the Process of Transferring Data from One Computer

question 38

True/False

Import/export is the process of transferring data from one computer system to another.

---

Definitions:

Exports

Goods and services sold to other countries.

World Production

The total output of goods and services produced by all countries around the globe.

Autarky

A situation in which a country does not trade with other countries.

Comparative Advantage

The advantage conferred on an individual or country in producing a good or service if the opportunity cost of producing the good or service is lower for that individual or country than for other producers.