Question

Many U.S companies successfully export products to other countries , but exports of services are very rare.


A.True

B.False

Answer 1

Many U.S companies successfully export products to other countries , but exports of services are very rare-This statement Holds False

Explanation:

The statement given in the question states that when US companies export any product to other services they do not offer the any export of services .This statement is false because

• A service export refers to any service provided by a resident in one country to people or companies from another
• As per the statistical reports United States is the world's largest exporter of services. The United States rendered services valued at $690 Billion to foreign markets in the year 2015, doubling the second place United Kingdom.
• Service Export refers to the export of intangible products.
• Export of software's form one country to another is an example of service export

Hence after carefully studying the above data ,we can say that Many U.S companies successfully export products to other countries , but exports of services are very rare-This statement Holds False