When Importers and Exporters Do Not Trust One Another and Want

question 55

Multiple Choice

When importers and exporters do not trust one another and want to ensure that the importer receives the promised merchandise and the exporter gets paid,the go-between representative they employ is (are)

• A) ​the local domestic banks involved in international business.
• B) ​sales agents.
• C) ​international trade organizations.
• D) ​the World Bank

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Definitions:

Wage Labor

A system of employment where workers are paid a fixed hourly rate or salary for their labor, as opposed to earning profits or owning the means of production.

Economic Prosperity

A state of flourishing or thriving economically, often characterized by wealth, success, and high standard of living within a country or region.

American Freedom

The ideals, rights, and liberties associated with being a citizen of the United States, often centered around concepts like democracy, equity, and freedom of expression.

National Boundaries

Defined lines that mark the territorial limits of a nation and separate it from neighboring countries.