Foreign households and businesses

buy from our domestic product and

factor markets. From our perspective

this describes *

A.) exchange rate

B.) imports

C.) trading bloc

D.) import quota

E.) exports

E.) exports

Explanation:

Exports are goods and services that have been produced within the country but sold to customers in foreign nations. Exports, therefore, involves selling domestically manufactured goods and services to other countries.

Exports occur when local producers market their products outside the country. Imports are the opposite of imports. Import is the buying of foreign manufactured goods and services by the local firms and households.