Conducting international trade transactions is difficult in comparison to domestic trades. Which of the following are false statements regarding this reality?Group of answer choicesCommercial and political risks enter into the equation, which are not factors in domestic trade.It is important for a country to be competitively strong in international trade in order for its citizens to have the goods and services they need and demand.It is generally the case that the costs of international trade outweigh the benefits.all of the options

International trade is more difficult and riskier than domestic trade from the exporter's perspective becauseGroup of answer choicesthe exporter may not be familiar with the buyer, and thus not know if the importer is a good credit risk.if the merchandise is exported abroad and the buyer does not pay, it may prove difficult, if not impossible, for the exporter to have any legal recourse.political instability makes it risky to ship merchandise abroad to certain parts of the world.all of the options

International trade theories only focus on the benefits of trade, ignoring any drawbacks.Question 32Answera.Trueb.False

Which of the following is not true regarding International trade?Question 20Select one:a.its underlying proposition is that consumers and producers benefit from exchange of goods and services.b.it involves the transfer of goods and services between countries.c.it only benefits developed countries while exploiting underdeveloped countries.d.it increases a country’s welfare or standard of living. e.it occurs because a country can purchase goods abroad more cheaply than it can produce them at home.

Which of the following statements is NOT true?*1 pointBOP makes a large portion of BOT.International trade makes markets more competitive.International trade allows countries to access goods and services that otherwise may not have been available domesticallyInternational trade is complex as it onvolves currency, government policies, law...

Creating barriers to trade can lead to which problem?A.Consumers will be more likely to buy luxury goods in foreign markets.B.Domestic businesses will face more competition from foreign companies.C.Other countries will retaliate by creating their own barriers to trade.D.The country will become overly reliant on foreign countries.