State with reasons whether the following statements are True or False.

When the trader of one country purchases the goods from the trader of another country, it is known as export trade.

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Solution

When the trader of one country purchases the goods from the trader of another country, it is known as export trade- False

Explanation:
When the trader of one country purchases the goods from the trader of another country, it is known as import trade. When the trader of one country sells goods to the trader of another country, it is known as export trade.

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State with reasons whether the following statements are True or False. When the trader of one country purchases the goods from the trader of another country, it is known as export trade.

State with reasons whether the following statements are True or False.

When the trader of one country purchases the goods from the trader of another country, it is known as export trade.