Card 1 of 22
A good or service bought from another country is an [ ]; one sold to another country is an [ ].
A
A good or service bought from another country is an domestic product; one sold to another country is an foreign product.
B
A good or service bought from another country is an essential good; one sold to another country is an optional good.
C
A good or service bought from another country is an export; one sold to another country is an import.
D
A good or service bought from another country is an import; one sold to another country is an export.
Card 1 of 22
Globalisation Flashcards
22 flashcards on OCR GCSE Business Globalisation: the key terms, formulae and case studies you need to recall for Business 1 and Business 2.