Purchasing products or materials in other nations and bringing them into one's own country is known as:

• A. Exporting
• B. Outsourcing
• C. Foreign direct investment
• D. Importing

Answer: (D)

Verified step by step guidance

1. Understand the key terms related to international trade: Exporting, Outsourcing, Foreign Direct Investment, and Importing.
2. Define Exporting as the act of selling goods or services produced in one country to another country.
3. Define Outsourcing as contracting out certain business processes or production to external firms, often in other countries, but not necessarily involving the physical movement of goods.
4. Define Foreign Direct Investment (FDI) as an investment made by a firm or individual in one country into business interests located in another country, typically involving ownership or control.
5. Recognize that Importing specifically refers to purchasing products or materials from other countries and bringing them into one's own country, which matches the description given in the problem.