Which of the following are some important differences between domestic and international trade?
A)Expanded trading opportunities.
B)Sovereign nations.
C)International finance.
D)all of the above.
E)none of the above.

Question

Quizplus · Accepted Answer

Domestic trade involves trade between parties within the same country, while international trade involves trade between parties from different countries. Therefore, international trade involves expanded trading opportunities, as it allows for access to markets outside of the domestic market. Additionally, international trade involves sovereign nations, meaning that countries have their own laws, regulations, and political systems that can impact trade. Finally, international trade involves international finance, which includes foreign currency exchange rates, tariffs, and import/export regulations, among other factors.

Which of the Following Are Some Important Differences Between Domestic