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28 September, 06:26

An economic good that is shipped out of a country into another country is known as

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  1. 28 September, 08:34
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    An economic good that is shipped out of a country into another country is known as an export. For example, if a farmer grew one ton of wheat in the United States and sent it overseas to Germany, the farmer would be exporting his goods, which would be referred to as an export. However, if you are receiving the goods, it would be considered an import.
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