Question

What is a common difficulty that traders face when exporting goods or services to other countries?multiple choice

-governments do not provide much assistance to
-opportunities are often limited in global markets.
-exporters often face voluminous paperwork and complex
-firms tend to be more aggressive than larger firms in global trade.

Answer 1

Exporters often face voluminous paperwork and complex regulations when exporting goods or services internationally, presenting a significant challenge to engaging in global markets.

Step-by-step explanation:

One common difficulty that traders face when exporting goods or services to other countries is that exporters often face voluminous paperwork and complex regulations. This bureaucratic process can be a major barrier to trade and a significant source of frustration for companies looking to expand their markets internationally. In the 1950s through the 1970s, countries, especially low- and middle-income ones, viewed global trade very skeptically, associating it with economic exploitation and loss of political control.

However, with the realization that global trade could be beneficial, seen through the successes of Japan, China, India, and others, many countries have actively sought to reduce barriers to trade. Importantly, for smaller economies, the failure to engage in international trade can mean missing out on potential economic growth and improved standards of living.

With these historical contexts and current expectations, traders must navigate various trade barriers, such as tariffs, and adapt to international regulations to succeed in global markets.