What is the difference between imports and exports?(1 point)

Question

Responses

Imports are taxes on foreign goods, while exports are subsidies for domestic goods

Imports are goods purchased from other countries, while exports are goods sold to other countries

Imports are goods produced domestically, while exports are goods produced in other countries

Imports are products traded between states, while exports are products traded between countries
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Answer 1

The correct response is:

Imports are goods purchased from other countries, while exports are goods sold to other countries.