Exports Are Domestically Produced Goods and Services

question 159

Multiple Choice

Exports are domestically produced goods and services

• A)sold to other countries.
• B)sold to the government.
• C)sold at home.
• D)which are used to produce other goods and services.

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Definitions:

Auto Rentals

A service industry that provides automobiles for temporary use to customers, typically charged by the hour or day.

Diffusion

The process by which an innovation is communicated through certain channels over time among the participants in a social system.

Fast-Second Strategy

A business approach where companies wait for others to innovate and then quickly follow with improvements and competitive positioning.

iPhone

The iPhone is a line of smartphones designed and marketed by Apple Inc., featuring a multi-touch screen, internet connectivity, and a wide array of applications, revolutionizing personal communication and media consumption.