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GCE Economics 1989 Question 11

Question 11

International Trade

What is the correct term for this group of exports: tractors, television, components, drugs and cars?

  1. A.Current account items
  2. B.Visible exports
  3. C.Capital account items
  4. D.Invisible exports
  5. E.Visible imports.
Show the answer and explanation

Answer: B (Visible exports)

Explanation

Physical goods that can be seen and recorded at the ports are visible items; being exports, they are visible exports.