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JAMB Commerce 2006 Question 50

Question 50

Foreign Trade

Foreign trade also involves

  1. A.providing services for other countries
  2. B.specialization and the exchange of goods in a country
  3. C.buying and selling within a country
  4. D.the exchange of goods and services between firms.
Show the answer and explanation

Answer: A (providing services for other countries)

Explanation

Foreign trade covers goods and also services, such as shipping or tourism, provided for other countries.