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4.1.1 Why countries import and export

Card 1 of 23

When a country buys goods or services from abroad, what happens to the money?

A

Countries specialise in products they can make well.

B

It gives access to overseas customers.

C

Imports may be cheaper than home production.

D

It flows to the supplying country.

Card 1 of 23

4.1.1 Why countries import and export Flashcards

  1. GCSE
  2. /Economics
  3. /4.1.1 Why countries import and export

23 flashcards on OCR GCSE Economics 4.1.1 Why countries import and export: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.

Flashcards