International transaction costs are qualitatively higher than domestic transaction costs.

Question

Quizplus · Accepted Answer

This is true because international transactions involve additional fees, such as currency conversion costs, customs fees, and shipping costs. In addition, legal and regulatory differences between countries can also increase transaction costs. International transaction costs include fees for currency conversion, customs fees, and potentially longer shipping times, which increase the overall cost compared to domestic transactions.

International Transaction Costs Are Qualitatively Higher Than Domestic Transaction Costs