An import can only occur inside the borders of your home country and an export can only occur outside the borders of your home country is FALSE.
Import is a selling activity where a product from the home country is beiing sold to a foreign nation. Meanhwile export is the purchase of foreign product by someone from the home country and bringing it into the home country.
Import and export allows a country to generate more profits from selling its products to a different market (internationally). Import and export also allows a country to produce more products and generate huge employment opportunities.
Import may happen not only inside the borders of someone's home country. You may purchase a product abroad and bring it back to your country and still being counted as importing product. Export transaction also may incurred inside the home country's border. For example a foreigner buy a new product from the home country and bring the product back to his country.
Learn more about Import and Export here: https://brainly.com/question/26428996
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