If an Exporter in a Developing Country Sells to an Importer

question 52

True/False

If an exporter in a developing country sells to an importer in a developed country on a CIF,the responsibility transfers from exporter to importer at the ship's rail.If there is then a loss,the exporter may suffer a cash flow problem while filing the insurance claim.

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Definitions:

Affluent

Characterized by having a great deal of wealth; referring to individuals or areas with high levels of income or assets.

Pressure Group System

Networks of interest groups or lobbying organizations that seek to influence public policy and government decisions without seeking elected office.

Pluralist Theory

A political theory suggesting that power in a democracy is distributed among multiple interest groups, ensuring that no single group dominates the political process.

Corporate Lobbies

Groups funded by corporations that seek to influence lawmakers and government policy decisions in a direction favorable to their interests.