When U.S.-based ExxonMobil ships refined oil in a tanker from Texas to Mexico, that is called __________. When ExxonMobil builds a refinery in Venezuela to process South American crude oil, that is __________.

Question

When U.S.-based ExxonMobil ships refined oil in a tanker from Texas to Mexico, that is called __________. When ExxonMobil builds a refinery in Venezuela to process South American crude oil, that is __________.
	a.	foreign direct investment; importing
	b.	exporting; importing
	c.	exporting; foreign direct investment
	d.	importing; foreign direct investment
	e.	importing; exporting

GPT-4o mini · Answer

The correct answer is **c. exporting; foreign direct investment**. When ExxonMobil ships refined oil from Texas to Mexico, it is exporting. When ExxonMobil builds a refinery in Venezuela to process South American crude oil, it represents foreign direct investment.