Which of the Following Is a Way in Which the U.S.Department

question 30

Multiple Choice

Which of the following is a way in which the U.S.Department of Commerce helps potential exporters?

• A)It oversees volunteers with international trade experience and directs them to provide one-on-one counseling to active and new-to-export businesses.
• B)It assembles a "comparison shopping service" for countries that are major markets for U.S.exports.
• C)It coordinates a nationwide group of international trade attorneys who provide free initial consultations to small businesses on export-related matters.
• D)It provides export specialists who act as the export marketing departments or international departments for their client firms.
• E)It starts exporting operations for firms until they are well established.

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Definitions:

Cost To Suppliers

The total expenses incurred by suppliers in the process of producing and selling goods or services.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.

Market Failure

Situations where the allocation of goods and services by a free market is not efficient, often requiring government intervention.

Negative Externality

Occurs when the production or consumption of a good or service imposes costs on third parties who are not involved in the transaction.