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Q.

Choose the given statement is true/false:


The foreign trade creates an opportunity for sellers and producers.


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a

True

b

False  

answer is A.

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Detailed Solution

The given statement is correct.
Foreign trade creates an opportunity for both sellers and producers. Foreign trade, or trade between countries, allows sellers to sell their products outside the domestic market. As a result, they can increase their customers in the global market. In addition, foreign trade has introduced several types of goods and services into the market. Consumers have a variety of goods to choose from.
 
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