Global Trade refers to which activity?

• A. Domestic bartering
• B. Exchange within a single company
• C. Exchange of goods or services between nations
• D. Internal budgeting

Answer: (C)

Global trade is the exchange of goods or services between nations. This means importing and exporting across borders, where countries trade resources, manufactured goods, or services to meet each other’s needs and expand markets. It’s why you might see electronics made in one country sold in another, or why a company sources materials from abroad.

This differs from options that describe activities inside a single country or organization. Domestic bartering stays within one country, exchange within a single company happens internally, and internal budgeting is about planning finances within an entity rather than moving goods or services across borders. Global trade, by contrast, specifically involves cross-border economic activity between nations.