For unlimited access to Homework Help, a Homework+ subscription is required.
By definition, exports are:
1) goods produced abroad and sold domestically.
2) opportunity benefits (as opposed to opportunity costs).
3) a limit placed on the quantity of goods brought into a country.
4) goods produced domestically and sold abroad.
International marketplace. Exporting is one of the first ways many companies venture into foreign lands. What are some of the reasons a small company would decide to export goods to another country? What are some of the potential pitfalls that might occur and how could these challenges be overcome?
