The Most Frequently Encountered Impediment to International Trade for Small

question 62

Multiple Choice

The most frequently encountered impediment to international trade for small and medium-sized manufacturers is ________.

• A)foreign sales are not sufficiently profitable
• B)transportation and shipping costs
• C)language and cultural barriers
• D)foreign regulations

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Definitions:

Microeconomic Analysis

The study of the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.

Macroeconomics

The branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

Owner-Occupied Housing

Residential properties that are owned and occupied by the owner, as opposed to being rented out to tenants.

Housework

Housework encompasses the variety of tasks performed to maintain and manage the household, including cleaning, cooking, and laundry.