Intel, an American company, has manufacturing plants in China that assemble U. S. made components. Suppose one of these plants produces and sells a computer chip toa Chinese computer manufacturer. How is this sale recorded in U. S. international trade statistics? a. It is considered to be neither a U. S. import nor a U. S. export. b. It is considered to be a U. S. export to China c. It is considered to be a U. S. import from Chinad. The value of U. S.-made chip components is consideredto be a U. S. export.

Question

Business

Cora Bishop

9 March, 00:42

Intel, an American company, has manufacturing plants in China that assemble U. S. made components. Suppose one of these plants produces and sells a computer chip toa Chinese computer manufacturer. How is this sale recorded in U. S. international trade statistics? a. It is considered to be neither a U. S. import nor a U. S. export. b. It is considered to be a U. S. export to China c. It is considered to be a U. S. import from Chinad. The value of U. S.-made chip components is consideredto be a U. S. export.

+4

Answers (1)

Know the Answer?

Madalyn Wolf · Answer 1

Answer A

Explanation:

Import: when a country does not produce particular goods by itself, they buy goods from other country, Goods purchased from other country called imported goods

Export: when a country produces more goods than their needs, then these countries sell particular goods to other countries. goods sold to other countries called export goods.

when a goods is called import for a country, the same goods is called export for another country.