Question

what does import mean in economic terms?
selling goods to other countries
manufacturing goods locally
exporting goods
buying goods from other countries

Explanation:

In economic terms, "import" refers to the act of bringing in goods or services from other countries. Let's analyze each option:

• "Selling goods to other countries" is the definition of "export", not "import".
• "Manufacturing goods locally" has no relation to the concept of "import" which is about cross - border transactions.
• "Exporting goods" is the opposite of "importing" as it means sending goods out of the country.
• "Buying goods from other countries" accurately describes the process of "import" as it involves acquiring goods from foreign sources.

Answer:

Buying goods from other countries