discusses imports and exports form a major part of international trade that deals with finances. It involves varied types of trades between importers and exporters based on trust issues on how to handle the payments?

discusses imports and exports form a major part of international trade that deals with finances. It involves varied types of trades between importers and exporters based on trust issues on how to handle the payments?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter18: Trading With Other Nations

Section18.3: Restrictions On World Trade

Problem 2R

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discusses imports and exports form a major part of international trade that deals
with finances. It involves varied types of trades between importers and exporters
based on trust issues on how to handle the payments?

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Step 1: Explain the importance of international trade and elucidate the existing major payment arrangements.

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Step 2: Elucidate in brief why trust issues may arise and how it can be mitigated.

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