What is the correct term for this group of exports : tractor, televisions, components, drugs and cars?
Answer Details
The correct term for the group of exports consisting of tractors, televisions, components, drugs, and cars is "visible exports." Visible exports refer to tangible goods that are physically shipped from one country to another and can be seen or touched, such as machinery, automobiles, and consumer goods. These exports are recorded in a country's balance of trade, which is the difference between the value of its visible exports and visible imports. In contrast, invisible exports refer to intangible goods or services that are not physically shipped but are provided to other countries, such as tourism, education, or consulting services. Capital account items refer to transactions involving capital assets, such as foreign direct investments or loans, while current account items refer to transactions involving trade in goods and services, as well as primary and secondary income.