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

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

When the terms of trade rises Group of answer choices Consumers who prefer foreign goods are better off. The country is unambiguously worse off The price index of import goods increases The relative prices of export goods decrease

A country that imposes a tariff on imported goods is most likely to experience which benefit?A.Working conditions for domestic workers will improve relative to other countries.B.A wider variety of imported products will become available to consumers.C.The country will begin producing goods more efficiently than other countries.D.Goods produced by domestic companies will be cheaper than competing imports.

All are advantages of foreign trade EXCEPT: People get foreign exchange Nations compete Cheaper goods Optimum utilization of country's resources

Exporting is often all a company needs to internationalise when… Group of answer choices Production costs fall with scale and foreign markets require little or no product adaptation. The ratio of per-unit production cost to transport cost is low. Trade barriers are high and products are not easily transported. Different markets require significant product adaptation.