Export of manufactured goods ______ trade and commerce. 

The correct answer is expands.

 Key Points

•  "expands," is the correct answer because exporting manufactured goods can lead to increased trade and commerce.
  • By exporting goods, a company can expand its customer base beyond its domestic market, leading to increased sales and revenue.
•  "reduces," is incorrect because exporting goods typically leads to increased trade and commerce, not a reduction.
•  "contracts," is also incorrect for the same reason as option 1.
• "weakens," is not a direct result of exporting manufactured goods and is therefore incorrect.
•  The keyword "manufactured goods" refers to products that have been processed or transformed from raw materials into finished products. This can include anything from electronics to clothing to furniture.

Additional Information

Trade balance:

• The balance of trade (BOT) is the difference between a country's imports and exports for a given period and is the most important component of a country's balance of payments (BOP).
• A trade deficit occurs when a country buys more goods and services than it exports in terms of value, whereas a trade surplus occurs when a country exports more goods and services than it imports.
• The phrase "trade" relates to the purchase and sale of things. When it is done on a global basis, however, it is referred to as imports and exports.
• Only visible items are recorded by BOT.

Trade during December 2022: