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WAEC Commerce 2014 Theory — Question 34

Question 34 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.

Foreign trade is concerned with

A. exchange of goods and services among companies
B. buying and selling of imported goods
C. exchange of goods and services among citizens
D. buying and selling of goods and services among countriesCorrect

Explanation

Foreign trade involves the exchange (buying and selling) of goods and services between two or more countries.

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