International Trade Is More Difficult and Risky from the Exporter's

question 15

Multiple Choice

International trade is more difficult and risky from the exporter's perspective than is domestic trade because:

• A) the exporter may not be familiar with the buyer, and thus not know if the importer is a good credit risk.
• B) 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.
• C) political instability makes it risky to ship merchandise abroad certain to parts of the world.
• D) All of these.

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Definitions:

Nurture

In psychology, this term emphasizes the role of environmental factors and experiences in shaping an individual's development, as opposed to genetic inheritance.

Association Areas

Regions of the cerebral cortex that integrate and process information from the sensory and motor areas, involved in complex functions such as language, problem solving, and spatial reasoning.

Neural Networks

Computational models designed to simulate the behavior of biological neural networks, capable of learning tasks by considering examples without being programmed with task-specific rules.

Schemas

Cognitive frameworks or concepts that help individuals to organize and interpret information.