Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What has facilitated the significant increase in volume of export activity over the last 30 years?
What has facilitated the significant increase in volume of export activity over the last 30 years?
- Rise in domestic production costs
- Decrease in demand for domestic products
- Introduction of strict export regulations
- Decline in trade barriers and increase in regional economic agreements (correct)
What is a major challenge to exporting as mentioned in the text?
What is a major challenge to exporting as mentioned in the text?
- Excessive government subsidies
- Language barriers in overseas markets
- Making the initial financial investment (correct)
- Lack of demand in foreign countries
What can make the process of exporting more problematic, according to the text?
What can make the process of exporting more problematic, according to the text?
- Decrease in production costs
- Shifting trade barriers (correct)
- Increase in demand for domestic products
- Rise in freely convertible currencies
What problem arises when currencies are not freely convertible, as mentioned in the text?
What problem arises when currencies are not freely convertible, as mentioned in the text?
Signup and view all the answers
Why is the prospect of exporting intimidating for some firms, according to the text?
Why is the prospect of exporting intimidating for some firms, according to the text?
Signup and view all the answers
