JAMB UTME - Geography - 2004 | Green Bridge CBT

The invisible component of international trade consist of?

precious metals and fuels

processed foods and textile

financial service and tourism

raw materials and machinery

Detalhes da Resposta

The invisible component of international trade consists of financial services and tourism. The visible component of international trade refers to physical goods that are transported across borders, such as raw materials, machinery, and processed foods. In contrast, the invisible component of international trade refers to services that are traded across borders, such as financial services and tourism. Financial services include things like banking, insurance, and investment services, while tourism includes things like travel and accommodation services. These services are considered "invisible" because they do not involve the physical transport of goods across borders, and are therefore not as easily visible or measurable as physical goods.






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