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

Question

O Imports are taxes on foreign goods, while exports are subsidies for domestic goods
O Imports are goods purchased from other countries, while exports are goods sold to other countries
O Imports are products traded between states, while exports are products traded between countries
O
Imports are goods produced domestically, while exports are goods produced in other countries

Answer 1

The correct answer is: O Imports are goods purchased from other countries, while exports are goods sold to other countries.